But not every investor is convinced now is the right time to jump back in.
“Obviously iron ore has been under pressure and fallen quite heavily. But the reason I wouldn’t be diving in right now is history shows it could go down a lot further,” Atlas Funds Management chief investment officer Hugh Dive says.https://3b594b9b89a63f00ca614df825e82458.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.htmlAdvertisement
He says much of the big steel manufacturing outside Beijing could be shut down ahead of the 2022 Winter Olympics to reduce air pollution. This is what happened ahead of the 2008 Summer Olympics in Beijing when industrial production was shut down.