Perfect Storm To Keep Blowing Into Next Year For Iron Ore MiPerfect Storm To Keep Blowing Into Next Year For Iron Ore Miners - Forbes A perfect storm of reduced supply and rising demand which has driven the price of iron ore to more than $110 a ton is forecast to keep blowing into next year. ... Because of an expectation that Brazilian miners would be able to overcome their pandemic problems and that Chinese steel demand would fade after a burst of stimulus-related government spending most mining-sector analysts had been expecting a fall in the iron ore price, perhaps back to $80/t by the end of 2020 and then to a long-term price of $70/t, or less. Price Correction Delayed That forecast correction has been delayed with a number of leading banks recently revising their view of the market, not so much because of supply factors as Brazil recovers, more because of Chinese demand and a new view that the rest of the world might also be demanding more steel in the new year. https://www.forbes.com/sites/timtreadgold/2020/08/11/perfect-storm-to-keep-blowing-into-next-year-for-iron-ore-miners/#79f3065b1f31