Iron Ore Price Forecasts Continue to Drop

Iron Ore Price Forecasts Continue to Drop

Despite some recent bright spots, the iron ore space is still plagued by bears, with analysts continuing to lower their price forecasts for 2015.

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Company News

Centrex Metals to Switch from Iron Ore to Potash

Australian Mining reported that Centrex Metals Ltd. (ASX:CXM) has decided to write down its South Australian iron ore exploration assets. It will now focus on developing its Western Australia-based Oxley potash project.

ThyssenKrupp Australia Acquires Maxx Engineering

Australian Mining reported that ThyssenKrupp has acquired Pilbara based Maxx Engineering as part of the company’s strategy to expand its iron ore services in the Pilbara.

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Company Videos

Century Iron Mines Corporation CEO Sandy Chim (TSX:FER)

Century Iron Mines Corporation (TSX:FER) CEO Sandy Chim talked to Resource Investing News about its flagship project - Joyce Lake - in Quebec. Investors can expect a Bankable Feasibility Study in the first quarter of 2015.

Market News

Australia Cuts Iron Ore Price Forecast by 10 Percent

Reuters reported that Australia's Department of Industry and Science cut its iron ore forecast in 2015 by 10 percent, down to $54.40 per tonne due to a weak outlook for China's steel sector.

Iron Ore Price Could Drop Below $40

Mineweb reported that iron ore price may drop to the $30 per tonne range in the second half of the year as low-cost suppliers continue to flood the market, according to Capital Economics Ltd.

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