In today’s briefing:
- Iron Ore Tracker (21-Oct-2024): China Positive Sentiment Waning
Iron Ore Tracker (21-Oct-2024): China Positive Sentiment Waning
- After a brief spell of iron ore prices rising to 108 USD/ton, prices have retraced to 102 USD/ton (-3% WoW) but remain broadly in the 95-130 USD/ton band.
- Investors were disappointed with China’s announced stimulus measures, citing their vagueness and lack of a specific timetable, resulting in the positive sentiment waning over the last two weeks.
- We update investors on Vale’s (VALE US) recent proposal to the government to settle the Mariana Dam disaster.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
