CAPITAL MARKETS

RBC downgrades iron ore outlook

RBC Capital Markets has downgraded its iron ore price forecast for next year as the price dipped back below $US70 a tonne overnight.

Kristie Batten
RBC downgrades iron ore outlook

The investment bank downgraded its forecast for 2015 and 2016 by $5/t to $80/t after the spot price fell to around $70/t over the past month.   “The price does now appear to have found support at around...

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