World Bank tips 46% fall iron ore price

http://siteresources.worldbank.org/...-1304428586133/GEP2015c_commodity_Jul2015.pdf

Latest world bank quarterly commodities outlook, just released.

Projecting a 46% fall in the iron ore price as new capacity comes on in Australia and Brazil with weakening demand in China.

BHP, RIO, FMG all targeting sub $20 production costs and can survive or even thrive if they play the volume well.

Of course we don't need to listen to the world bank when there are other sources of intelligence on iron ore pricing like company promoters, broking houses that are long in the stock and anyone who gets a bit snivelly at the CEOs of Rio and BHP.