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, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China Securities Journal said, reporting on a forecast from the China National Coal Association. Demand from the world’s biggest producer and consumer of coal could be about 3,400 Mt from this year, the newspaper reported. China uses coal to fuel about 80% of its power plants and to make steel. (more…)