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.
George Jones, Chairman, imparted some encouraging views on China and iron ore in his presentation at Gindalbie’s 2008 Annual General Meeting. His view – which, he says ”is supported by recent discussions I have had with a number of senior Chinese business leaders and other experienced China analysts – is that there is a solid ‘bottom line’ of demand for key raw materials that will continue to underpin and sustain quality Australian resource projects. While there is evidence of a slowdown in Chinese economic growth from its peak of 11.9% last year, it is unlikely it will experience a so-called ‘hard landing’ where GDP growth slows to 5% per annum….more International Mining
