South Africa benefits greatly if the property and construction sectors in China do better, because these sectors are among the biggest drivers of demand for iron ore, one of this country’s most important exports
Anchor expects iron ore to trade between at $90 and $110 per ton this year, but it will not reach the 2021 record prices of up to $219 a ton. If iron ore prices stay where they are now, the mining houses could do well.
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