RE:RE:RE:RE:Iron ore on fireAnd, I don't hold with those pundits, those so-called 'experts' who have for the past 12 months, and who continue to talk down the LTM iron ore price.
Simply speaking, I firmly believe the following factors will be supportive of high quality iron ore assets keeping the price higher for longer:
- increased chinese demand from the economy generally and the property market in particular
- continued supply constraints caused by COVID
- under investment in mining exploration
- the time it takes measured in years to bring on new production
- the massive risks to time and schedule to develop new mines
- the unrelenting march towards a greener commodities and the premium of greener assets
- the rusk to mining provinces and production such as Brazil cause by climate change
the need for Russia to rebuild it's military
- the need of Ukraine to rebuild the country's entire infrastructure from railways to homes, to ports, to factories, to schools and hospitals, and do on..
- the need fir countries sll round the world, in Europe, America, in Asia, to increase military soending in a much less safe and certain world
I could go on and on. Bottom line, the world needs more companies like CIA but too few exist today!