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.

The big bank tipping split over iron ore The big bank tipping split over iron ore The big bank tipping split over iron ore The big bank tipping split over iron ore 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.