Analysts from investment bank UBS forecast a return to $US120 a...

  1. aimone
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    06/09/12
    00:57
    Post #: 10677247
    Analysts from investment bank UBS forecast a return to $US120 a tonne for the spot iron ore price by the end of the year.

    USB analyst Tom Price said in a note that Chinese steel mills that were currently oversupplied with steel and iron ore, would want to start re-stocking ore before the northern hemisphere winter in December.

    http://www.businessspectator.com.au/bs.nsf/Article/Fortescue-sells-power-station-for-US300m-XTUHA?OpenDocument&src=hp3

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