Podcast: Why Iron Ore Is $US70 Per Tonne
About the author:
- Author name:
- By Michael Knox
- Job title:
- Chief Economist and Director of Strategy
- Date posted:
- 30 November 2018, 11:46 AM
I recently spoke about the how the price of iron ore is set to increase in light of trends evident in the stocks to consumption ratio:
"We did this model last week and the iron ore price then was $US75 a tonne. We forecasted the model would fall down to $US70 a tonne. That’s already happened. It’s fallen below that, and now the iron ore market is cheap."
I discussed this in my latest presentation to the network:
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