Missing in that analysis is that iron prices are still rock bottom, and even a 5% increase in price does not wipe out the 1 day price drop from $92 to $80 on november 1. 15% down in a single day.
I hope Graphite rallies but I have been following Iron. I have not seen anything suggesting that iron volumes will increase. China has said they will do more infrastructure, but demand has been weakening for months. All trends turn eventually, but I worry for the next 6-12mo. Even so, miners all over are getting to fairly cheap prices so long as a recession is fairly mild. Talga is of course on a whole different level.![]()
I have seen some other industries sound rosier in H1 2023, maybe raw materials will see that as well.
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