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Iron ore set for a fall in 2020, says Wood Mackenzie

Iron ore prices will fall to $80/t on slower demand growth in China and a recovery in seaborne supply, research house Wood Mackenzie has forecast.

Iron ore set for a fall in 2020, says Wood Mackenzie Iron ore set for a fall in 2020, says Wood Mackenzie Iron ore set for a fall in 2020, says Wood Mackenzie Iron ore set for a fall in 2020, says Wood Mackenzie Iron ore set for a fall in 2020, says Wood Mackenzie

Iron ore production will depend on Vale's recovery, Chinese production and India's auction process, among other factors

A surprisingly fast recovery in iron ore production by Vale, combined with increasing supply from China, and a possible rise in India, could combine to push iron ore prices downward in 2020 from