http://www.theage.com.au/business/m...xe-to-iron-ore-forecasts-20141111-11kbf4.html " Citi Group has slashed its iron ore price forecast for the next two years to $US65 a tonne, from about $US80, while ANZ predicts the commodity is unlikely to not breach the $US100 mark again, period. ANZ commodities analyst Mark Pervan also cut iron ore forecasts for next year, by 22 per cent to $US78 a tonne. He said that iron ore prices "are unlikely to breach $US100 a tonne again, particularly if high-cost iron ore supply in China is permanently closed – something we think is now occurring". His comments echo those of BHP BIlliton's marketing boss Mike Henry, who told the AFR last month that iron ore was not likely to reach $US100 a tonne again. Mr Pervan said about 50 per cent - or 200 millions tonnes - of domestic Chinese production that is privately run would shutter permanently at prices between $US70 and $US75 a tonne. ... "
Old thread (2014) but thought to bump it with this link.... http://www.smh.com.au/business/mini...es-reach-record-in-china-20170522-gwaqq5.html By the way, BHP is no longer called Billiton.. http://www.news.com.au/finance/busi...n/news-story/aa9945c5595eec81fcd07b648f76eff6