Last year, we told you about the terrible bear market in iron ore.
Iron ore, the building block for steel, fell 67% over the past four years... and 44% in the past year alone. Many iron ore miners are down double digits.
But there's likely even more downside ahead...
As regular Growth Stock Wire readers know, commodities like iron ore are tremendously cyclical. That means their prices go through big cycles of boom and bust. That's because the prices of commodities are based (almost) solely on supply and demand. If there's more supply than demand, prices will fall. But if there's more demand than supply, prices will rise. (more)