Iron ore prices have rebounded to the $100 per tonne mark, driven by a combination of factors including supply constraints and ongoing demand from regions outside China.
Despite a significant decline earlier this year due to China's property crisis, which saw prices drop below $100, analysts predict that prices will stabilize around this threshold for the remainder of 2024. The market remains cautious, however, as a surge in supply from new projects, particularly in West Africa, could challenge this price floor in the near future.
