Resources and Energy Quarterly September 2019 - Iron Ore
The forecast iron ore price in 2019 has been revised up to average US$80 a tonneFree on board (FOB). This reflects the full effect of supply disruptions — primarily in Brazil — and firm demand from China. The iron ore price is forecast to decline to average US$57 a tonne (FOB) by 2021, as the seaborne market gradually returns to balance.