Iron ore price forecast

The international iron ore price is set to collapse later this year. According to a new analysts’ report, the price of the raw material will drop to a year-end low of $US37 a tonne, averaging $US47 in the fourth quarter and $US38 in the first three months of 2017.

For full analyst report, see http://www.smh.com.au/business/mining-and-resources/iron-ore-market-seen-collapsing-below-last-years-nadir-20160826-gr24yi.html

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