Rio have started to explore Rhodes project (which so say is behemoth), I believe there will be a very strong demand for Iron ore in comming months, though China have strated to monitor the ports to check on hoarders and price gaugers, they will not be able to cool the Iron ore prices anytime soon, the rally will start its new leg after the breather....with FMG with its first shipment from its new tenament we will see a big jump in sales...
The global market for iron ore pellets is projected to thrive at 7.9% CAGR through 2033.Based on the segment, BF grade is expected to surge at a CAGR of 7.1% by 2033.East Asia is expected to account for a significant share of around 37.4% in 2033.The United States industry value is set to reach US$ 9,204.8 million in 2033.China is projected to attain a valuation of US$ 35,299.4 million in 2033.Iron ore pellet demand in India is predicted to rise at 11.7% CAGR through 2033.
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