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Iron ore price, page-11572

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    AUD Bullish: Goldman Sachs ups iron-ore price forecast


    Analysts at Goldman Sachs revised higher their iron-ore price forecasts for the 3, 6, and 12-month horizons.

    Key Quotes:

    "Three-month forecast raised to $85/ton vs. $80 previous.

    Six-month forecast raised to $80/ton vs. $75 previous.

    The twelve-month forecast now seen at $70/ton vs. $65 previous.

    The upward revision is mainly attributed to the lost production due to Vale's troubles in Brazil.”

 
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