Global iron ore strategic planning outlook – Q2 2024
The pockets of optimism from stimulus measures seem to be fading faster each time. Ambitions from China to cap this year's production to a level similar to 2023 do not bode well for iron ore demand while supply appears ample, which will pressure prices. In the long term, China's demand for iron ore will shrink by 590 Mt (2024-2050).
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