Still, investors should be careful to keep these predictions in perspective. “There are new mines coming on, especially toward the end of the year, so we might see some weakness there,” Hsi Han Pin, global head of commodities research at Standard Chartered (LSE:STAN), said in a January 21 Bloomberg article. “But are we seeing iron ore prices trending downward, say, below $100? No, we are not.”Despite its prediction of a rising surplus, Goldman continues to see stronger prices this year, with a forecast average of $144, up from its earlier prediction of $140, another Bloomberg article notes.
Riding The Iron Ore Roller Coaster
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