Original article by Mark Mulligan
The Australian Financial Review – Page: 26 : 23-Oct-15

The iron ore price fell by 0.3 per cent to $US52.79 per tonne on 22 October 2015. Ivan Szpakowski of Citigroup forecasts that the iron ore price will fall to $US50/tonne by the end of 2015 and around $US40/tonne in the first quarter of 2016. He attributes the bearish outlook to factors such as slowing demand for iron ore in China and an increase in global supply.

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CITIGROUP PTY LTD, SHANGHAI BAOSTEEL GROUP CORPORATION, METAL BULLETIN PLC, PRESTIGE ECONOMICS