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08 Oct
12:44

Australian authorities forecast lower iron ore/met coal prices

The Australian government’s Office of the Chief Economist expects the average iron ore price to erode slowly during the fourth quarter of 2017 before falling to around $50/tonne over 2018-19. The Office also forecasts that metallurgical coal prices will likewise decline over the same period, following an increase in 2017 Kallanish notes. The iron ore price is forecast to average $64/t in 2017, with the price forecast to gradually decline in …
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