Iron ore price, page-48916

https://www.wsj.com/articles/chinas-reopening-complicates-global-fight-against-inflation-11674344924

The above WSJ article discusses the impact of China reopening on global inflation.

Almost certainly energy costs will rise, but this is predicted to be below the nose bleed peak of 2022 because of falling demand in the US, UK and Europe though 2023 due to the impacts of rapid rises in interest rates during 2022. However, the article predicts more muted demand for other commodities, including iron ore … see excerpt below …

[[[ Demand for other commodities could remain muted, economists say. Unlike during the global financial crisis, when Beijing approved infrastructure stimulus spending that fueled enormous demand for metals from copper to iron ore, China has held back on massive spending this time. The country’s property market, a major source of demand, remains in a major slump. ]]]

Dex