Will the price of iron ore (benchmark 62% Fe fines, CFR China) exceed $120 per dry metric ton for at least one full trading day by March 31, 2027?

While Simandou's output is significant, global iron ore prices are influenced by many factors. This question tests if the increased supply from Guinea, alongside other market dynamics, will contribute to or be offset by broader price movements. Resolution will be based on data from reputable commodity price reporting agencies like Platts or Argus.

Implied probability (Yes)

55%

Closes

2029-09-01