Iron ore price, page-35266

US$50 for IO results in all miners apart from BHP, RIO, FMG, Vale being commercially unviable, those with the higher costs either mothball their businesses or lose massive amounts of money with every ton of IO they dig out and sell, same with the steelmakers as steel prices collapse in line with IO(many of these businesses being Chinese). Many businesses will go under if IO prices $US50 long term.

Analysts last month suggesting bull run had a number of years to go, nothing has changed.

What happened in 2015 was a direct result of reduced steel demand, Chinese illegally dumping surplus steel around the world which was fixed through tariffs at the time by Trump and many other world leaders including Turnbull, along with oversupply of IO by the large miners.

Won't see any of those situations develop in the near future, Covid fear and another scary variant heavily promoted the main concern but that would possibly just result in more stimulus.