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Forecast: Iron Ore Prices to Average $130 in 2013, $90 in 2015

Australia's mining sector appears to have rejoiced too soon in the partial recovery of iron ore price in the global market. With the commodity reaching $138.50 at the start of 2013 from a low of $89 a tonne in 2012, miners such as Rio Tinto had planned production boosts.

However, analysts' projection indicated lower iron prices in the near future. For 2013, the industry observers forecast average price of the key steelmaking ingredient at $130 per tonne, which would go down further to $90 in 2015.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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