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8 Feb 2019
Iron ore prices of about $90/ton aren't sustainable – Goldman Sachs
Analysts at Goldman Sachs are out with their outlook on iron-ore prices, in the wake of the supply disruption concerns from Vale.
Key Quotes:
“Significant disruption' to Brazil iron ore supply iron ore's surge set to stimulate supply response.
Iron ore will drop back to $60/ton by 2021.
Iron ore prices of about $90/ton aren't sustainable.”