What has been the percentage decline in the price of iron ore this year?
How Low Could Iron Ore Prices Go?
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Business
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University
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Hard
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The video discusses the iron ore market, highlighting a 44% price drop over the past year due to increased supply from major companies and a slowing Chinese economy. Citigroup predicts further declines, while Macquarie and Goldman Sachs note a significant market transition. Despite this, Wood Mackenzie offers a more optimistic outlook, suggesting prices may rise in the coming years.
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What factors are contributing to the glut in iron ore supply?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is Citigroup's forecast for the price of iron ore next year?
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4.
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3 mins • 1 pt
How does Goldman Sachs describe the current state of the iron ore market?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What price range does Mackenzie Wood predict for iron ore next year?
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