Iron-ore prices to trend lower in first six months of 2021
BY: Tasneem Bulbulia | Mining Weekly
The surge in iron-ore price between the second and fourth quarter of 2020 has run its course, says Fitch Solutions Country Risk and Industry Research.
It notes that prices should grind lower during the first half of this year as supply improves and demand growth slows.
On the supply side, improving production growth from Brazil will help to loosen tight supply in the seaborne market, Fitch Solutions says…Full Story