Another big iron ore price rise ahead: Citigroup

ANALYSTS at Citigroup have joined the chorus of forecasters tipping another rise in the price of iron ore and coal next year, with Citigroup’s latest number crunching prompting a fresh Buy call on BHP Billiton.

Another big iron ore price rise ahead: Citigroup Another big iron ore price rise ahead: Citigroup Another big iron ore price rise ahead: Citigroup Another big iron ore price rise ahead: Citigroup Another big iron ore price rise ahead: Citigroup

Citigroup said it was now anticipating a 20% increase in contract iron ore prices for 2008-09, as well as respective 13% and 10% increases in thermal and coking coal contracts.

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