Goldman Stays Bearish On Iron Ore, Calls Rally "Short-Lived" Amid Chinese Deflation Nightmare

China's uninspiring economic recovery has Goldman analysts maintaining a bearish outlook on iron ore. The team warned that any price rally will likely be "short-lived."

The team led by Aurelia Waltham, Eoin Dinsmore, Daan Struyven, and Samantha Dart reiterated their bearish outlook for iron ore prices of $95/ton for 2025 and $90/ton for 2026, citing