Iron ore price, page-53973

lots of people have made spectacular money buying FMG at lows but be careful what level of lows you buy at, last few years great here, but in my view market got saved by Vale dam disaster unexpectedly removing 80 million tons a year in 2019, the 4 years before that iron ore averaged under $70, FMG share price well below what it is now.
Vaje are on track to have returned most of those tons now, other miners have increased production and new mines coming online, Are we currently in a dip of the last 4 years which would mean great buying now, or more like 2015-18, which would mean way further to fall. With 95% of steel makers now losing money, multiple countries investigating China for anti dumping steel exports, Iron ore production currently strong, we have much further to fall - Need either massive stimulus which doesn't look likely or massive supply shock to save it