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21 Sep
02:58

BMI maintains 2023 iron ore price forecast

BMI has maintained its 2023 iron ore price forecast at an annual average of $110/tonne, with strong risks to the upside, Kallanish notes.   BMI says in a note that the iron ore price resilience continues from positive sentiment, falling Mainland Chinese port inventories, and strong demand from the country's non-property sectors including machinery, shipping, autos, and infrastructure. Despite Mainland China's uneven economic growth and a still f…
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