Many market experts are seeing the early signs of a new super cycle in commodities, including iron ore, that could equal the wild ride that prices experienced in the 1970s and 2000s.
What is more, they single out iron ore as a commodity heading for an inflection point when prices stay at elevated levels for a considerable period of time.
“Looking at the 2020s, we believe that similar structural forces to those which drove commodities in the 2000s could be at play,” said investment bank Goldman Sachs in a report.
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.