BULKS

Metals face further downgrades

RBC Capital Markets has lowered its outlook for bulk commodities and base metals.

Kristie Batten
Metals face further downgrades

Analysts noted that the iron ore price had held up well, rallying to $US59 per tonne last week. “However, with Chinese steel prices at 15-year lows and growing iron ore supply into year-end, we expect...

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