Home / Business and Economy / Iron Ore Price Soars: UBS Lifts Long-Term Forecast
Iron Ore Price Soars: UBS Lifts Long-Term Forecast
29 Sep
Summary
- UBS upgrades long-term iron ore forecast to $93 per metric ton.
- Previous UBS forecast for iron ore was $85 per metric ton.
- Updated forecast leads to raised share-price targets for miners.
UBS has revised its long-term price forecast for iron ore upwards to $93 per metric ton. This represents a notable increase from the previously held projection of $85 per ton.
Following this enhanced outlook, the financial institution has also elevated its share-price targets for several mining companies. These adjustments reflect a more positive sentiment towards the basic materials sector and its key commodities.
The latest market intelligence on basic materials, published by Dow Jones Newswires, offers updated forecasts throughout the trading day.
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