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 factors are contributing to the current decline in iron ore prices?

How does the current situation in the property market affect iron ore demand?

What are the implications of high gas and thermal coal prices on electricity generation?

Discuss the expected average price of iron ore for the next 12 months.

What is the projected impact of steel production changes in China on the iron ore market?

How might the Australian dollar be affected by the changes in the iron ore market?

What are the potential risks and contagion effects on Aussie assets due to the collapse in iron ore prices?