I note the article is quoting an ore price nearly 10% lower than what is being quoted on this forum...
I was only thinking the other day Citibank was quoting ore to drop under $50 by the end of September which they obviously missed. Now they're shooting for under $40 in the next three months - gotta give them credit for not giving up! Obviously they still believe their surplus 50 million tonnes is going to appear from somewhere by years end to push prices that low...
Iron Ore Price, page-2225
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