Industrial production in China increased only 53 year-on-year in August of 2021 the least since July 2020. As iron ore prices ease Australias export earnings are forecast to fall to A113 billion by 2022-23 according to the quarterly outlook report by the Australian governments department of Industry Innovation and Science.
Insights Steelmint Iron Ore Investment Advice Resume
JPMorgan has lowered its 2021 iron ore price forecast from 181 a tonne to 165 a tonne and its 2022 projection from 150 a tonne to 125 a tonne.
Iron ore price forecast. With files from Reuters View. Spot prices of iron ore with 635 iron content for delivery to Tianjin fell to below 120 a tonne in mid-September the lowest level since last November after data from China added to signs of slowing demand.
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