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Iron ore price rally is over, prices to follow multi-year downtrend — report

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Update time : 2021-11-12 15:09:18

The iron ore price rally has ended with prices dropped to levels below what Fitch Solutions forecasted, the market analyst said in its latest industry report.

Fitch has revised down its price forecast from $170/tonne in 2021 and $130/tonne in 2022 to $155/tonne and $110/tonne, respectively.

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