iron ore outlook raised by world bank on recov

Iron Ore Outlook Raised by World Bank on Recovery.

http://www.bloomberg.com/news/2013-10-18/iron-ore-outlook-raised-by-world-bank-on-recovery-oil-on-supply.html

Iron ore prices will be higher this year and in 2014 than forecast in July as global manufacturing improves and China’s metal imports rebound, while the outlook for oil was raised on supply disruptions, the World Bank said.
Iron ore is expected to average $134 a dry metric ton this year and $135 a ton in 2014, up from a July prediction of $120 and $125, respectively, the report showed. The World Bank stuck to an outlook for iron ore prices to average $145 a ton in 2025.