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Previous: Atlas Steel is advancing the development of the Corunna Downs iron ore mine in Pilbara
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Jefferies raises iron ore price forecast for this year and next year
Release time：Jun 13, 2019 From：admin
Jefferies raised its iron ore price forecast for the next two years, raising its price estimate for 2019 to 13% to $98 per ton, and raising its 2020 price estimate by 6.3% to $85 per ton.
The bank said that after rising 0.6% to $106.50 per ton on Wednesday, spot iron ore prices have climbed 46% year-to-date.
Jefferies said that due to strong demand from Chinese steel mills, iron ore stocks continued to fall, which supported the price at a nearly five-year high.
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