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Fitch Solutions’ BMI raises 2024 iron ore price forecast, citing rebound of market confidence, but is bearish on prices in the long run

  • Des 05, 2023, at 8:57 am
Benchmark Minerals Intelligence (BMI), a subsidiary of Fitch Solutions, raised its average iron ore price forecast for 2024 to $120/mt from $100/mt, mainly due to a rebound in market confidence.
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