Business intelligence firm Fitch Solutions Country Risk and Industry Research is revising its 2022 iron-ore price forecast upwards, from $90/t to $120/t, and its 2023 forecast, from $75/t to $110/t, as Chinese demand has once again started picking up. The firm expects Chinese demand to also remain strong in 2022 and 2023 on the back of the government's renewed stimulus towards the infrastructure sector in the face of slowing economic growth.
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