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'Efficient' iron ore market already returning to equilibrium: BMO

The “extremely efficient” iron ore market is expected to move back towards equilibrium shortly, although at higher price levels than previously projected due to the ongoing Vale disruption, according to BMO Capital Markets.

'Efficient' iron ore market already returning to equilibrium: BMO 'Efficient' iron ore market already returning to equilibrium: BMO 'Efficient' iron ore market already returning to equilibrium: BMO 'Efficient' iron ore market already returning to equilibrium: BMO 'Efficient' iron ore market already returning to equilibrium: BMO

This year looks set to be the lowest year of growth from the "Big 3" iron ore miners since the global financial crisis

BMO analyst Colin Hamilton said in a note spot iron ore prices were already starting to trend back lower after the initial 20% jump after the Brumadinho tailings dam disaster in late January.