Iron ore to come back down to earth

An overdue correction in the price of iron ore appears to have started, ending a six-month windfall for miners of the steel-making raw material, but how far will it fall?

The landing: Iron ore prices have been sky high (relative to expectations) for much of 2017 (photo: defenseimagery.mil)

20 September 2017
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The immediate outlook is for a dip below US$70 per tonne in the next few days, and then below $60/t, perhaps by the end of the year, as China’s steel mills cut production during the northern winter.

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