Goldman hands iron ore miner shorters a second chance

In May, Goldman declared the iron ore boom over:

The price of steelmaking ingredient of iron ore has peaked, according to Goldman Sachs but will remain at elevated levels because of strong demand from China.

Iron ore has surged in the wake of the deadly dam disaster in January forced Vale, the world’s biggest supplier, to cut more than 90 tonnes of production from its operations in Brazil.

There are 608 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.