The Global Iron Ore Market Long-term Outlook provides detailed supply and demand analysis and price forecasts for the iron ore market to 2035. We have raised our price forecast for 2016 and 2017 by approximately 5% to $53/t CFR and $50/t CFR respectively. But our medium term view has not changed: in a market that is effectively ex-growth for the next 3-5 years, prices will have to fall in order to force out high cost supply. 2018/19 looks particularly challenging with prices falling to $45/t (real) in order to force out excess supply. Our long term price is $60/t CFR (real 2016 terms) but a return to that level as an annual average is unlikely for at least ten years as there is no requirement to incentivise additional supply prior to 2030.
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Global iron ore long-term outlook Q3 2016 PDF - 652.00 KB 51 Pages, 12 Tables, 26 Figures
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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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Commodity market report | Sep 2016
Global iron ore long-term outlook Q3 2016
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