Iron ore tipped to rise

IRON ore prices are expected to recover meaningfully from current levels, with Bernstein forecasting increased demand and decelerating production over the 2019-2025 period.

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Bernstein analysts see iron ore demand outgrowing supply over the 2019-2025 period

The analysts, led by Paul Gait, said in a note this week iron ore was not an ex-growth industry and they saw 2018 and its pricing levels of US$60-65 per tonne as the bottom of the cycle.