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Where will iron ore go from here?

Posted on 15 July 2013

Analysts have reaffirmed their views that the recent surge in iron ore prices is unsustainable, with many expecting the resource to fall significantly in value in the September quarter.
Analysts at RBC Capital Markets have suggested that the recent gains have been the result of an increase in Chinese credit availability, whilst analysts at National Australia Bank have stood by their conviction that the surge has been onset by Chinese companies restocking their inventories, despite weak macroeconomic data………………………………………..Full Article: Source


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