J.P. Morgan raises 2023-25 iron ore price forecasts
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Update time : 2023-09-20 15:11:36
With the iron ore market relatively more balanced medium term, J.P. Morgan has raised its 2023-2025 iron ore price forecasts, Kallanish notes. The research house says in a note that J.P. Morgan has raised its 2023-2025 iron ore price forecasts by 6%/13%/17% to $117/tonne, $110/t, and $105/t. It also raises its long-term price forecast by $5/t to $80/t and sees near-term cost curve support at about $90/t. According to J.P. Morgan, iron ore long-term supply const…
