The 29% fall in iron ore prices so far in 2014 looks set to continue into 2015, on the back of surging supply from the major producers

The 29% fall in iron ore prices so far in 2014 looks set to continue into 2015, on the back of surging supply from the major producers. Goldman Sachs has commented in a note that while the expansion in supply will probably moderate in the second half of 2014, the trend rate of growth in seaborne cargoes exceeds demand by a ratio of three to one. Goldman has maintained its iron ore price forecast at an average of $80/t for 2015, down from $106/t this year.


Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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