Original article by Jacob Greber, Amanda Saunders
The Australian Financial Review – Page: 3 : 24-Nov-14

Australia’s Bureau of Resources & Energy Economics (BREE) had forecast in September 2014 that the price of iron ore will average between $US90 and $US105 per tonne over the next five years. The price has since fallen to around $US70/tonne, which will prompt BREE to scale back its short-term forecast for the steel input. BREE’s Wayne Calder concedes that the agency did not anticipate the sharp fall in the iron ore price, but notes that it does not forecast the spot price at any given time

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AUSTRALIA. DEPT OF INDUSTRY. BUREAU OF RESOURCES AND ENERGY ECONOMICS, BHP BILLITON LIMITED – ASX BHP