Iron ore prices fall on weak demand: Australia
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Update time : 2023-10-07 17:09:07
The Australian government foresees iron ore prices moderating further as global demand softens. 62% Fe iron ore fines spot prices in 2023 are seen averaging at $100/tonne, according to the industry ministry’s latest Resources and Energy quarterly report seen by Kallanish. The benchmark iron ore price is projected to steadily fall to an average of about $76/t by 2025. “There are substantial risks to the global demand outlook. A more pronounced global e…
