How Low Could Iron Ore Prices Go?

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.

What was the percentage drop in iron ore prices over the past year?

• 44%

• 60%

• 30%

• 50%

Which financial institution predicted a further drop in iron ore prices to $60 per metric ton?

• Wood Mackenzie

• Citigroup

• Macquarie

• Goldman Sachs

What did Macquarie say about the global market in September?

• It is improving steadily.

• It is declining rapidly.

• It is in a transition without precedent.

• It is stable and predictable.

According to Wood Mackenzie, what is the expected price range for iron ore next year?

• $50-$60

• $80-$90

• $90-$100

• $60-$70

By what year does Wood Mackenzie predict iron ore prices will be significantly higher?

• 2020

• 2019

• 2021

• 2018