GLJ Research with the note.
Has the Greatest Iron Ore (“IO”) Commodity Consumption Bubble in History Burst, Suggesting Underappreciated Risk to IO Prices in 2H23/2024?
In the analysis put fourth within this report, we look to answer the question posed above, using the recent “data dump” out of China, as well as import/export data, China property data, China steel production/output data, China steel demand stats, China industrial production stats, China fixed asset investment stats, China excavator output, and a number of other leading-indicators in our attempt to paint a picture that foretells what to expect for iron ore prices through the rest of 2023E and into 2024E.