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.
Macquarie Research notes “after last year’s LME week, the consensus was that we were in for a major prolonged slowdown in the wake of the global financial crisis. There were also fears at the time (fulfilled for a while) that China would also be part of a synchronised slowdown. As it turned out, China turned its economic policies on their head from a tightening bias at mid-2008 to a loosening bias by year’s end, stimulating one of the strongest demand recoveries ever witnessed in that country, and that is saying something! (more…)
