Replies to post #5487 on The Rising Influence of Rising Affluence

[DewDiligence]

…thus even if demand [for iron ore] is tepid most think there is a floor of between 110-120 at least for the next 3 or so years.

On yesterday’s CC, VALE—the world’s largest producer of iron ore—said they expect the spot price to stay in or close to the $120-180 range for the next several years.