Not sure why anyone believe Morgan Stanley on future predictions.
They said last year iron ore would be at $55 now. Well only $100 out.
They never take into account of disaster like Vale dam or a pandemic which has caused disruption in Brazil.
They've not even looked at what green steel means. Green steel will scare the living daylights out of the Chinese government.
As soon as Australia starts making green steel then China will want more iron ore but might not get enough due t o us making it and selling it to the world.
Also talk of green aluminum now too.
Iron ore price, page-27868
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