European utilities will have to be prepared to pay premiums to draw cargoes from South Africa, the Americas, Australia and Indonesia, writes Clyde Russell.
It took 70 years for oil and gas to take 50% of the global primary energy market from coal. Today renewables can't even match incremental growth in demand.
With expectations that China will stabilise its economy and stimulate the real estate sector, iron ore demand is seen to be rising, analysts with Huatai Futures wrote in a note.