Iron ore price jump to $75 a ton is not sustainable – Goldman Sachs

FX Street

Updated: 10 Jan. 2019 | 04:52

Bloomberg reports the latest update on the iron-ore price jump by the US investment banking giant, Goldman Sachs.

Key Points:

The $75 a ton iron ore price is not sustainable for two reasons –

First, part of the rally was fuelled by mills restocking ahead of the Chinese New Year.

Second, supply is set to increase in 2019.

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