Original article by Rose Powell
The Australian Financial Review – Page: 19 : 10-Jun-15

Iron ore was trading at $US64.34 per tonne on 9 June 2015, compared with $US47 in April. However, Christian Lelong of Goldman Sachs remains bearish about the outlook for the steel input, forecasting that it will retreat to less than $US50 per tonne in the next three years. Chris Drew of Royal Bank of Canada also does not expect iron ore’s recent price gains to be sustained, citing factors such as a looming increase in supply in China.

CORPORATES
THE GOLDMAN SACHS GROUP INCORPORATED, ROYAL BANK OF CANADA, BHP BILLITON LIMITED – ASX BHP, VALE SA