SHANGHAI: Iron ore is likely to revisit US$100 a tonne by the end of the year before falling further to US$85 in 2025 as China’s housing market collapse worsens, according to Capital Economics Ltd.
Falling steel production and emissions controls on highly polluting blast furnaces should shrink Chinese iron ore demand by 1% in 2024 and 2% in subsequent years, the London-based research firm said.
