News Snapshot:
Back in the first quarter of 2020, China imposed economic lockdowns to combat the spread of coronavirus—an action that initially hit global prices of iron ore. But since reopening, China’s economy has significantly bounced back into growth, causing a major swing in demand for steel production, and a record breaking August for iron imports. Global steel production recovered in response, pushing steel and iron producers such as Cleveland-Cliffs Inc. (NYSE:CLF), ArcelorMittal (NYSE:MT), Vale S.A. (NYSE:VALE) and Rio Tinto Group (NYSE:RIO) to respond to rising demand, while also pushing further demand for materials such as fluorite from producers like Ares Strategic...
