CAPITAL MARKETS

ANZ calling bull on bearish iron ore predictions

WHILE many analysts predict a major iron ore price plunge in the second half of the year, ANZ has made just modest downgrades – forecasting an average price fall of 6.4% to $US132 per tonne.

Hannah Vickers
ANZ calling bull on bearish iron ore predictions

Global head of commodity strategy Mark Pervan said concerns over Chinese property investment curbs and the expectation of rising supply had been overblown. “We think the bearish sentiment emerging...

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