Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities
2021-07-09 04:00:00
Thomas Westwater,
Analyst
Iron Ore, Global Economic Recovery, US Infrastructure Deal – Talking Points
Iron ore demand driving prices higher as global recovery ramps up
Pending US Infrastructure deal an additional tailwind for metals
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Iron Ore to Continue its Charge as US Infrastructure Deal Takes Shape
Iron ore prices may stretch higher as the global economic recovery chugs along. However, the industrial metal has seen a few road bumps on its journey higher. One of those being recent actions by China – including plans to release state reserves – in an attempt to cool off the quick appreciation seen in prices though H1 2021.
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