Top iron ore forecaster says prices will sink back below $50

Crushed iron ore fills cargo train wagons aside a conveyor belt at Vale’s iron ore mine in Brazil. Top iron ore miners including Vale are bringing on new capacity, bolstering seaborne sales, at the same time that miners in China have been reviving product

Top iron ore forecaster says prices will sink back below $50

Crushed iron ore fills cargo train wagons aside a conveyor belt at Vale’s iron ore mine in Brazil.

Top Iron Ore Forecaster Says Prices Will Sink Back Below $50

Iron ore is destined to retreat back below $50 a metric ton next year as supplies go on rising, according to the top forecaster, who warned that weakening prices will probably encourage the sale of inventories.

Top Iron Ore Forecaster RBC Says Prices Will Pull Back This Year

Iron ore prices are primed for a retreat this year after surging in 2016, according to RBC Capital Markets, the most accurate forecaster for the commodity in the final quarter of last year.