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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

21 Oct 2016 (TheAge) – Iron ore price set to fall heading into 2017

(21 October 2016, The Age, BusinessDay, p23, Brian Robins)

‘Fortescue Metals has indicated the price of iron ore prices may decline heading into 2017 as the market makes way for additional supplies from Australia and Brazil, even as high-cost domestic miners in China continue to close down. The large new mines coming on stream are Gina Rinehart’s 55-million tonne Roy Hill mine in Western Australia and Vale SA’s $US15 billion S11D development in Brazil. Roy Hill is already in production but is expected to move closer to peak output next year.’

Read more at TheAge.com.au

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