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16 Feb
03:34

BMI maintains 2024 iron ore forecast

BMI Research has maintained its 2024 iron ore price forecast at an annual average of $120/tonne, as price resilience continues from positive sentiment over Chinese stimulus hopes, Kallanish notes.  That said, continued weakness in the Chinese property sector, which has been weighing on overall economic growth, is likely to cap iron ore price growth in the coming months, with prices remaining sensitive to stimulus announcements, the research house says in a no…
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