China is hurting themselves in the process to lower the price of iron .It's not sustainable as we will see economies powering ahead and consumer spending will grow such as on cars etc.Once chip shortage is sorted out , car manufacturers will increase production levels...ev cars starting to ramp up.
Also possible collapse of evergrande did not help, as they have staved off collapse the iron ore price rebounded some.
winter Olympics also a reason , as they have reduced still production to reduce pollution , this price drop is nothing for now.
glta ..will.be holding my 4m shares long term ..
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