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.
Coffey Mining’s Global Business Development Manager, David Atchison, thinks continued growth in the Chinese economy is driving mineral exploration in countries such as Brazil. “Chinese mining companies are looking to secure future supplies of resources and this is resulting in unprecedented levels of outbound investment in major global mining markets such as Brazil.” The consultancy discussed this at the recent Brazilian Symposium of Mineral Exploration (SIMEXMIN), from May 23-26 in Ouro Preto, Minas Gerais. Read more at http://www.im-mining.com/2010/05/28/coffey-mining-brazilian-mineral-exploration-on-the-up/
