Australia warns of volatile iron ore prices as China curbs ease
Tue, Jan 09, 2018 - 5:50 AM
Workers checking steel wires at a factory in Beijing. While iron ore prices will average US$52.60 a tonne over the full year, they may be higher in the first half as China relaxes curbs on steel output, aiding demand, before easing in the second.
IRON ore is in for a bumpy ride in 2018, according to the world's largest exporter, which warns that the commodity may be whipsawed as investors and users navigate the cross-currents thrown up by China's efforts to manage steel production and rising global mine production....