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Iron ore: it's all about supply

Cost, not demand will underpin the price

Daniel Gleeson
The cost to mine and ship a tonne of ore is going up across the board

The cost to mine and ship a tonne of ore is going up across the board

At the end of 2015, you would struggle to find an analyst predicting a run up to the US$70 per tonne level, but increased Chinese demand, catalysed by state-backed investment, caught market forecasters...

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