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Commodity Focus Iron Ore Iron Ore Market Heats Up

Dec 10, 2020 China’s iron ore port stockpiles, which at 128.7 million tons are the lowest since October, will be a key gauge of supply tightness. Goldman predicts levels could fall below 100 million tons by mid-2021, the first time below that threshold since 2016. Steel rebar inventories are the lowest since January. “The bull market for iron ore is set.

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