Post by
Crashcomingsoon on Aug 28, 2021 11:03am
Iron Ore prices falling
August 23 – Wall Street Journal (Rhiannon Hoyle): “One of this year’s hottest commodities is flaming out. The price of iron ore has fallen roughly 40% since mid-July on concerns about demand from China, which makes more than half of the world’s steel. The downturn has dealt a blow to producing countries, notably Australia and Brazil, that are battling to protect fragile economic recoveries from outbreaks of the highly contagious Delta variant of the coronavirus.”
Comment by
shawshank2 on Aug 28, 2021 3:13pm
Yes if u listened to ceo of this and other companies they indicated before prices would come down. If prices stayed in that range noone could afford to build anything. This project is incredibly economic at 90$ so that is what we can hope for. Anything else is more gravy