JPMorgan has changed its iron ore price forecasts for the period up to 2025, citing a change in market prospects in a more favorable direction.
According to the bank's new forecast, iron ore prices will change as follows:
- in 2023 – $117 per ton (+6%);
- in 2024 – $110 per ton (+13%);
- in 2025 – $105 per ton (+17%).
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