Analysts are continuing to upgrade their IO price forecasts. See...

Analysts are continuing to upgrade their IO price forecasts. See below as quoted in today's Australian -

Those moves come as Goldman Sachs boosted investor spirits in the commodity space today.
“We upgrade our 3/6/12-month iron ore price forecasts to $65/63/55 per tonne,” the analysts said.
“Steel consumption is more resilient than expected and demand for iron ore is likely to be supported further by incremental restocking across the steel supply chain. Further, the pace of supply growth has slowed as a result of delayed capital expenditure and operational challenges.”