Iron ore majors ramp up supply even as China faces challenges
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
Standard & Poor’s expressed concerns Wednesday that record commodity prices could represent an “unsustained bubble, subject to a sudden correction.”
In their report, The Potential Risk of China’s Large and Growing Presence in Commodities Market, S&P credit analysts noted, “Market bubbles inevitably burst, although they are much easier to recognize in hindsight.”
