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13 Jul
12:42

Iron ore, steel bull markets are supported: SIOF

Decarbonisation, green capital expenditure (capex), and conservative investment by the mining giants are expected to support the iron ore and steel bull markets, according to Nicholas Snowdon, head of base metals and bulks research of Goldman Sachs, Kallanish learns at Singapore Iron Ore Forum (SIOF) 2021 held on 13 July. Decarbonisation, required by governments, is expected to bring steel demand for new equipment, while output will be under pressure from the…
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