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The big bank tipping split over iron ore

THE price of iron ore, a major profit contributor for BHP, Rio Tinto, and a number of other big miners, could plunge to US$50 a tonne next year, or soar to $115/t, a remarkably wide difference in the latest forecasts of the future price of the steel-making material.

Tim Treadgold
The big bank tipping split over iron ore

At its latest price of $89/t, iron ore is sitting close to the midpoint of the forecasts from big-name banks such as UBS, Goldman Sachs and Liberum Capital. The most optimistic of the banks is Goldman...

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