Iron ore has been in a bull market for more than two years, and it’s not about to end soon, according to Goldman Sachs.
“It would be wrong to say that the bull market for iron ore, you know, is on the cusp of ending,” said Nicholas Snowdon, head of base metals and bulks research at the investment bank.
It will likely only return to a “comfortable position” from 2023, Snowdon saidon Tuesday at the Singapore Iron Ore Forum, which is part of Singapore International Ferrous Week.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.