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Iron ore and the big-bank tipping split

The price of iron ore, a major profit contributor for BHP, Rio Tinto, and a number of other big miners, could plunge to US$50 a tonne next year, or soar to $115/t, a remarkably wide difference in the latest forecasts of the future price of the steel-making material.

Iron ore and the big-bank tipping split Iron ore and the big-bank tipping split Iron ore and the big-bank tipping split Iron ore and the big-bank tipping split Iron ore and the big-bank tipping split

At its latest price of $89/t, iron ore is sitting close to the midpoint of the forecasts from big-name banks such as UBS, Goldman Sachs and Liberum Capital.