A bit of exciting news for companies like FerroWest who has this large iron ore resource that need to continue to drill and increase.
It seems the lull in iron ore demand due to the Chinese government induced slowdown is set to change according to Standard Chartered Equity Research!
Now that the Chinese govt have inflation under control and property prices are flat, they can start to increase lending and approving infrastructure projects which is expected to increase the price of iron ore from its current $150 per tonne to $200 per tonne!
As the Iron Ore price rises to these levels, the Chinese become a lot more desparate for additional iron ore supply and alternate sources from the existing Big 3!
