The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Australia forecasts drastic drop in iron ore prices through 2018

Rally caused by speculative trading in China unlikely to last, govt says; export forecasts also trimmed

Published Mon, Jan 9, 2017 · 09:50 PM
Share this article.

Sydney

AUSTRALIA on Monday forecast a dramatic decline in the price of iron ore - its most valuable export commodity - over the next two years to well below current market prices.

The Department of Industry, Innovation and Science forecasts iron ore to average US$51.60 a tonne this year and US$46.70 in 2018, compared wi…

KEYWORDS IN THIS ARTICLE

Iron ore

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here