Iron Ore at $80 to $90 a Ton Into Next Year: UBS’s Gordon

The video discusses the current state of the iron ore market, comparing it to the 2008 crisis. It highlights the perfect storm of demand issues, including property market concerns and high energy prices, affecting iron ore prices. Predictions suggest a market of $80-$90 per ton, with supply-side constraints impacting future prices. The Australian economy faces challenges due to the iron ore collapse, but other commodities like copper and coal remain strong. The video also covers aluminum market trends, suggesting a potential price stabilization as supply issues improve.

What is one of the main reasons for the current decline in iron ore prices?

• Increased demand from Europe

• Property market issues in China

• Rising oil prices

• Decreased production in Brazil

What is the expected average price range for iron ore in the next 12 months?

• $60 to $70

• $80 to $90

• $100 to $110

• $50 to $60

How is the decline in iron ore prices expected to affect steel production in China?

• It will increase by 20%

• It will decrease by 7%

• It will remain unchanged

• It will decrease by 30%

What is the expected impact of the iron ore price collapse on the Australian dollar?

• It will collapse

• It will remain stable

• It will weaken slightly

• It will strengthen significantly

What factor is contributing to the potential stabilization of the Australian economy despite the iron ore price drop?

• Increased tourism

• Rising oil exports

• High vaccination rates

• Decreased unemployment

Which other commodity is mentioned as having a bullish outlook despite the iron ore decline?

• Platinum

• Gold

• Copper

• Silver

What is the expected trend for aluminum prices according to the discussion?

• They will fluctuate wildly

• They will stabilize

• They will continue to rise

• They will start to decline