Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
China’s coal companies controlled by the central government have resumed operations and are back at more than 95% of their capacity, an official with the National Energy Administration said on Sunday.
Lu Junling, head of the administration’s coal department, told a news conference that the capacity resumption rate for all coal firms has reached 76.5%.
The adverse impact from the coronavirus outbreak on China’s coal production has been largely eliminated, Lu added.
(By Yingzhi Yang, Lusha Zhang and Kevin Yao; Editing by Jacqueline Wong)
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