maybe...... but why?
Globally Steel production is growing year on year, infrastructure projects globally are being launched to kick start economies hit by COVID. China is still increasing consumption. Indian mines are on pause due to auctions, Brazil hit by dam issues, court ordered closures and infections of Vale miners. Africa is years away. Right now Australia is the only real option.
Sanctions, trade wars, wars, revolutions, economic collapses, Vale restarting, all could happen, but right now things look more positive than negative. I think Vale is the biggest risk.... jhunt posts enough about their situation to give a clearer picture.
Iron ore price, page-22955
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