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Iron Ore Price Boosted as Stocks at Chinese Ports Drop

The iron ore price received a boost on Tuesday when it hit its highest level in more than a week, breaching $61 per tonne. While that's a far cry from the metal's April 2014 price of $115, it's up marginally from last month, when 62 percent Fe fines fell to $46.70. Read on for insight on the metal's future from Scotiabank's Patricia Mohr.

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.

Iron Ore Price on the Rise Again

Iron ore has finally started to pick up after a seemingly endless stretch of bad news. While it seemed that the industries biggest producers had no intention of slowing down their production in an attempt to muscle out the smaller companies, they are finally starting to let up a little and it's already beginning to show in the price. The price gains on Tuesday have been mainly attributed to an increase in China's demand for high-grade cargoes, which in turn, reduced stockpiles of the raw material at its ports to the lowest level since February.

Iron Ore Price Rally Comes to a Halt; Vale Plans to Reduce Output

The iron ore price has had a tough month, hitting a decade low at the start of April and then bouncing back mid-month with its biggest gain in nearly two years. And while the metal's price is still 9.5 percent higher this month, a 1.7-percent drop on Thursday following an initial tumble Wednesday shows that its rally may not last long.

Big Iron Ore Producers Debate Supply-Demand Balance

Industry giants' battle over the iron ore supply-demand balance continued this week. The most recent development came when Rio Tinto CEO Sam Walsh described the idea of boosting prices via a production cap "hare brained."

How Long Will the Global Iron Ore Surplus Last?

It's no secret that the iron ore market has been facing tough times, with low-cost suppliers flooding the market and the slowing Chinese economy creating a surplus. On Monday, the World Bank told Bloomberg that the surplus could last up to two years.