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JPMorgan cuts iron ore price forecasts on growth in supply

Wednesday, December 10, 2014 - 05:50

Singapore

IRON ore prices will extend declines as growth in low-cost supply from the world's largest producers outstrips demand, according to JPMorgan Chase & Co, which reduced forecasts through 2017.

The steel-making raw material will average US$67 a tonne next year, 24 per

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