Iron ore price, page-31844

it's nearly guaranteed the IO will come back down.
IO is plentiful
cheap IO is not.
if it were to remain above $200, lots of ore bodies would be mined, hence increasing supply, thus reducing price.
but as no miner expects it to stay this high, little investment will occur on high cost ore bodies, thus keeping supply limited and price high.
sooner or later new mines will open up.to take advantage of the high price.....

so the question is, when will the price come down and where will it stop?
hopefully years from now and above $100