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

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

The EU’s iron ore imports shrank again this year

SHFE nickel prices rebounded, but fundamentals remain bearish