XJO - Bear Posts only (Factors which might cause the markets to fall), page-22785

They said it couldnt be done for years yet, but now they expect to start shipping from Sindandou in 6 months time.
And  Chinese RE market not improving . Good bye to the last hopes for any Iron Ore bull market.
China steel demand slump an ‘ominous’ sign for ASX miners
Jun 2, 2025

A collapse in Chinese steel demand to its lowest levels in eight years is an “ominous” sign for the ASX’s mining giants that the worst may not be over for the already beaten-down materials sector.
Steel rebar futures in China, a key indicator of construction activity, slumped to the lowest level since 2017 at the end of last week, as the world’s second-largest economy continues to grapple with a prolonged property sector crisis and waning industrial output.

Blackwattle portfolio manager Ray David said the latest data from China was “ominous” for both the iron ore price and mining companies.“The valuations are starting to look appealing, but we just can’t really see any sort of positive catalyst for iron ore demand or price,” he said. The hedge fund manager owns BHP in his fund for index weighting reasons.
David added that the structural headwinds facing China were unlikely to reverse anytime soon.  “Peak demand for housing has passed in China,” he said. “You’ve also got this exodus of manufacturing moving out of China because of tariffs and global trade wars, and then you’ve got supply in Guinea starting to ramp up.”

David was referring to Rio Tinto’s Simandou project in Guinea, which is expected to begin shipping iron ore as early as November, placing further pressure on the iron ore price which is trading below the key $US100 a tonne level.