Combined with a mild West African rain season, this lifted global iron ore & bauxite shipments to 46.1Mt/wk, just -0.5Mt shy of the Jun’24 record.
Abundant iron ore supply has weighed on prices, with Sep’25 CFR China testing 100$/t for the first time in three weeks, creating room for opportunistic restocking in Asia.
For further insights, contact: research@IfchorGalbraiths.com.