Coal and Iron Ore prices likely to fall in the long-term

The American Chamber of Commerce in Mongolia

2018-07-18 14:58 GMT+8

The Bank of Mongolia (BoM) released its Inflation Report as of June 2018. It was noted in the foreign economic and commodity price section of the report that commodity prices have been set at a higher level due to stable global economic expansion underway.

Renewable energy production in China will, however, surge in the long-term so that coal and iron ore prices on the global market will fall as a result of supply factors. It is forecasted that the pace of China’s economic growth will gradually slow down, resulting in lower foreign demand.

Protectionist trade policies, geopolitics, and sanctions might also pose risks to international trade.

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