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.
Short seller Jim Chanos is well known for his negative assessments of China, especially Chinese real estate. One of his more colorful expressions about China’s economy is “the Chinese are on a treadmill to Hell.” We’re sure the Chinese don’t mind criticism from Chanos – or anyone else – as long as it convinces as many non-Chinese as possible that China has massive problems and represents no threat. From that point of view, kudos to Chanos.