The Global Iron Ore Market Long-term Outlook provides the latest update of detailed supply and demand analysis and price forecasts for the iron ore market to 2035. We have a more negative outlook for iron ore than we presented in our Q4-15 update, mainly due to a further downward revision to Chinese steel consumption. We have lowered our average price forecast for the period 2017-21 by approximately 6% with the low point of the cycle expected to occur in 2018 with an annual average price of $45/t CFR (real 2016 terms). Our long term price remains at $70/t CFR (real 2016 terms) but a return to that level is unlikely for at least 10-15 years as there is no requirement to incentivise additional supply prior to 2030.
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Global iron ore long-term outlook Q1 2016 PDF - 752.48 KB 47 Pages, 12 Tables, 20 Figures
IOMS LT Datafile Q1 2016.xls XLS - 979.00 KB
As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.
This Iron Ore Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.
Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.
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We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.
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Commodity market report | Mar 2016
Global iron ore long-term outlook Q1 2016
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