Australia Halves Iron Ore Price Forecast in 2015 Federal Budget

Australia Halves Iron Ore Price Forecast in 2015 Federal Budget

The slumping iron ore price has hit those involved in the space hard in the last year, with many companies reducing production and halting new construction. Now the Australian government has gone into defense mode with its Federal Budget 2015 report, which includes a conservative 12-month iron ore price estimate of $48 per tonne.

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