OTCPK:VDMRF - Post by User
Post by
Sciencegeek1on Apr 27, 2021 1:00pm
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Post# 33075015
Iron-ore-price-hit-record-high
Iron-ore-price-hit-record-highI thought they were saying they expected Iron prices to come down dramatically this year? Maybe not, or at least not at the rate they thought! If Biden manages to get approval for his infrastructure plan (even part of it) there will be even greater demand for iron. The major producers will probably be back to full production as of next year, but I think demand will continue to be robust when VONE comes out with their bankable feasibility assessment in 1.5-2 years from now.
https://www.mining.com/iron-ore-price-hit-record-high-fuelled-by-structural-supply-shortage/