Not looking good on IO price .....
Amid consensus from industry executives and many analysts that a rebound in commodity prices remains around the corner - especially if the Chinese government unleashes a much-expected round of stimulus - more bearish opinions are also gaining cachet.
The Shanghai-based economist Andy Xie, known for his often provocative predictions, said iron ore would likely hit $US50 a tonne by the middle of next year, and stay there the long term.
He said any rebound would be small and temporary because of slowing growth and the crisis in the steel industry in China. "This story will come to a crashing end."
Not looking good on IO price ..... Amid consensus from industry...
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