Macquarie Raises Iron Ore and Aluminum Price Forecasts on China Demand

Published: Aug 31, 2017 10:52

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Macquarie raised its forecasts for iron ore and aluminum prices next year, citing demand from China.

SHANGHAI, Aug. 31 (SMM) – Macquarie raised its forecasts for iron ore and aluminum prices next year, citing demand from China.

China to See More Iron Ore Arrive; Shipments from Australia and Brazil to Tumble

Macquarie now sees iron ore and aluminum prices at $54/tonne and $1,938/tonne, respectively, in 2018, 14% and 7% higher than its previous predictions.

Aluminum Price Rise Cycle Just Begins

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