A healthy outlook given for iron ore prices.
'Smirk says his best call was in iron ore, having correctly forecast the plunge that drove prices down 42 percent from mid- April to early September. Costs have since rallied 41 percent to $122.40 a ton and “we’ve probably seen the worst,” Smirk said, predicting $170 by June.'
http://www.bloomberg.com/news/2012-11-14/best-metals-forecaster-smirk-sees-china-recovering-commodities.html