I say with inflation coming out tomorrow expected to be above what the analysts are predicting that it will send iron ore back to the $80-90s price.
The Australian government has already down graded all earnings and revenue from mining/iron ore already expecting a downturn in 2023.
The market is so unstable one moment they predict $150s, then $120s, then $110s.
Wait till tomorrow night to see the inflation data then analysts can predict properly.
Very unstable times
Price of Iron Ore, page-1442
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