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Iron ore price set to cool

THE iron ore price averaged around US$65 a tonne in the September quarter, but analysts believe it’s all downhill from here as China heads into winter and demand wanes.

Kristie Batten
Iron ore price set to cool

The Australian government’s Office of the Chief Economist expects the price to gradually decline over this quarter, and average just $50/t next year and $49/t in 2019. “Growing low-cost supply from Australia...

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