In its quarterly update, published on Wednesday, the...

In its quarterly update, published on Wednesday, the Canberra-based Bureau of Resources and Energy Economics (Bree) said .
“Iron ore prices are not expected to recover to the high levels seen in 2013 due to the increased availability of supplies from new mines starting up in Australia,” the report said. “The continued increase in seaborne supply through 2014 and 2015 is forecast to drive spot prices lower, to an average of $103 a tonne in 2015.”