Would it be the cap for the iron ore prices in 2021?
China is moving to restrict iron ore price rises. Photo: Getty/TND https://thenewdaily.com.au/finance/finance-news/2021/05/08/iron-ore-china-australia/

Would it be the cap for the iron ore prices in 2021?

Bloomberg released an article this week exploring the current relationship between AUS-CHI... where they said "Iron ore is Australia’s biggest export earner, and relations with Canberra have taken a turn for the worse in recent weeks. But adding the mineral to a raft of curbs already in place on Australian commodities would be a risky move given near-record prices and China’s dependence on Australia’s high-quality supply for about two-thirds of its imports."

Then, yesterday, a new article from the same source (shared by https://www.mining.com/) added more sauce in situation: “Commodity inflation has pushed China to meaningfully slow credit growth this year and implement non-monetary measures designed to slow construction capex growth, one of the main drivers for materials demand,” KeyBanc Capital Markets analysts led by Philip Gibbs wrote in a note. “Traditionally, this has been a bearish signal for commodity stocks.



Arcivaldo Silva, MBA M.Eng

Strategic Deployment Manager | Mining Technology Solution at Komatsu

3 年

Wellington, I can't believe China and Australia are crazy to break the relationship or ... Cheers.

Hellow dear Wellington, only increase more and more the price including all this cojuncture for others matters (issue of money, criptos conjuncture, covid, lack of logistic, etc...)

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