Analysts are already worried that by the time Simandou iron ore comes to market, in five years’ time, demand from China, which consumes 50-60% of all the iron ore produced in the world, will have plateaued. But Chinese demand will...
ft.com/content/6729b6… via @financialtimes
ft.com/content/6729b6… via @financialtimes
@FinancialTimes ...will only plateau at these levels if GDP growth remains at 5-6% and is driven primarily by infrastructure investment. If GDP growth is much lower, as is very likely, and driven primarily by consumption, as is even more likely, there is no way China will continue consuming...
@FinancialTimes ...anywhere near its current level of iron ore.
According to the St Louis Fed, iron ore prices ranged between $11 and $15 from 1990 to 2004, after which the price surged to $190 in early 2011 on the back of massive Chinese buying. It dropped to $40 in December 2015 as it...
According to the St Louis Fed, iron ore prices ranged between $11 and $15 from 1990 to 2004, after which the price surged to $190 in early 2011 on the back of massive Chinese buying. It dropped to $40 in December 2015 as it...
@FinancialTimes ...first became clear that Chinese growth had peaked and was on its way down, before climbing jaggedly back up to $85-90 where it is now. I wonder how long before it is trading below $30 or $40. Five years?
fred.stlouisfed.org/series/PIORECR…
fred.stlouisfed.org/series/PIORECR…
