Iron ore prices should hold up going forward as China accelerates the building of new railways.
"The country plans to put into operation 6,800km of new railway lines in 2019 compared with 4,683km that became operational in 2018. The country invested $117bn in building new railway lines in 2018 but the government did not provide any forecasts for this year's investment."
https://www.argusmedia.com/en/news/1821632-china-to-accelerate-rail-construction-in-2019-update
Pellet Price, page-757
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