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DRYBLOWER
Dryblower on iron ore's stronger-for-longer outlook
IF iron ore has entered a period of sustained high prices, which is what most big banks are suddenly forecasting, then <i>Dryblower</i> wonders whether China will learn a basic business lesson about being polite to suppliers as well as customers.
There is a lot in that opening paragraph which leads back to what can only be described as a sea change in iron ore forecasts. Last week, at least five of the top banks flipped from forecasting a collapse...
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