Not much has changed except Delta scariant getting some press, lockdowns back in vogue.
Housing still in high demand here and other countries around the world, infrastructure investment high here and around the world, interest rates very low here and around the world, some natural disasters(flooding, fires) adding to the amount of steel required for infrastructure. Any significant drop in IO prices will put the brakes on any potential high cost mines being able to source capital for development.
Greatest concern to the economy is the impact on small businesses as a result of lockdowns, at some stage rising house prices will start heading the other way. Government hand outs just won't be enough.
Iron ore price, page-34858
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