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.
Latin America used to be known for its economic and political instability.
But it fought off the global financial crisis with relative ease. Poverty is now falling, the middle classes are growing rapidly and asset markets are bubbling.
And it has the spectacular expansion of commodity demand to thank for all of this.