| 2022 | |
|---|---|
| Consensus (median) | 60 |
| High | 64 |
| Low | 44 |
| Standard Deviation | 9 |
| Count of Estimates | 3 |
History
Forecast
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Global View
- World. Geographical
- Africa
- Asia
- Central America
- Eastern Europe
- Middle East
- North America
- South America (Latam)
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Global View
I expect that already in 2018 prices will drop from current highs ($70-80/t) to $50-55/t. That will happen despite government-led clampdown on small, private and high-cost iron ore mines in China. Supply increasing in India, Iran, Latin America, Africa, Australia and Brazil will lead market to surplus. I flag that more than half of this surplus is linked to additional supply from Vale (29Mt) and Samarco (9Mt)