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The resource, which is used to make steel to build infrastructure, is likely to remain a secure export in the medium-term with limited alternative markets. But it is vulnerable to long-term shifts from climate change policies in China, competition from new mines in Africa and iron ore carriers from Brazil. Oxford economist Stephen Hare said while he expected vibrant global economic growth over the coming years, the magnitude of commodity-demand growth wouldn’t be the same as during the turn of the millennium when China’s rapid urbanisation increased and powered the last economic supercycle. He said market speculation had partially supported commodity price rises, along with positive vaccine developments and higher consumer confidence. ....