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Thursday, May 09, 2024 2:04:19 PM
China is once again buying lots of iron ore with the purpose of... storing it.
— BreakWave (@DryBulkETF) May 9, 2024
Similar to the '15-'16 downcycle, steel production is lagging iron ore imports (chart shows the ratio of the two), in the process pushing inventories higher. If the country's real estate downcycle is… pic.twitter.com/ptKNhQ8sfN
GO $LBRMF
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