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Iron ore: 5 things to look for in 2023

Predictions for the year ahead

1 minute read

In this year’s report:   

The global iron ore market will continue to witness fluctuating growth trends in 2023, as policy volatility in China and energy inflation woes will beset the market. Miners’ investments will be oriented towards strengthening product portfolios, decarbonising mine sites, acquiring new technologies, and leveraging capabilities to maintain growth during challenging times. 

Could China’s demand surprise on the upside in 2023? What impact could China’s CMRG have on iron ore prices by centralising iron ore purchases? Will the progress made in 2022 in Guinea with the Simandou project continue unabated in 2023? 

In this report, we draw on insight from the Iron Ore Research Suite to share our view of the year ahead.  

This includes:  

  • Unsynchronised global economic recovery 
  • Supply tracing demand: will we see a further acceleration of value over volume strategies? 
  • Miners firm up decarbonisation agenda: how ambitious is it and will they be able to deliver? 
  • And more.   

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