Credit Suisse and Morgan Stanley bullish forecasts Iron Ore$150.81 US/Tonne.
Credit Suisse, in a note quoted by Barron’s, lifted its forecast for iron ore during the first half of the year to $170 a tonne, from a lowly $110 before. Morgan Stanley this week outlined the “plausible scenario” of $165-plus over the next three years, according to a Bloomberg report. https://www.mining.com/iron-ore-price-bounces-back-after-sharp-fall/
https://www.mining-journal.com/bulks/news/1402867/black-iron-gearing-up-for-%E2%80%98pivotal-year%E2%80%99