Iron ore12 Mar 2017 13:20
could touch $100 on China’s infrastructure spree
Labourers work on a pile of iron ore at a steel factory in Tangshan, China. Iron ore, already on its best run of monthly gains in almost five years, could beat expectations in 2017 and touch the $100 a tonne level for the first time since mid-2014 as government support propels China’s surging steel appetite.
While China’s steel demand may slow in the second half, China’s infrastructure spending plans, which include rail programs and “One Belt, One Road” initiatives could eventually offer a new impetus for consumption, according to Yi Zhu, an analyst at Bloomberg Intelligence in Hong Kong
http://www.gulf-times.com/story/535243/Iron-ore-could-touch-100-on-China-s-infrastructure