Firstly I think we should understand that in the main even though they also have domestic iron ore producers (large amounts of law grade)i it is the overal benefit for iron ore prices to be lower for China. So one must take comments coming out with a grain of salt as they may be a bit biased to the negative.
This price will bounce eventually if prices under 100 USD per tonne persists for a month expect a lot of small mines to stop selling ore. The cost curve is now much higher overal than it was say even 5 to 6 years ago around the world.
We will see over 120 USD per tonne prices later this year.
Iron ore price, page-51651
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