Original article by Jacob Greber
The Australian Financial Review – Page: 6 : 13-Oct-16

Andrew Forrest has used a National Press Club speech to forecast an upturn in commodity prices, expressing his view that the sector is near the bottom of a major cycle. Forrest’s comments follow revelations that Japanese steel mills have settled coking coal price negotiations for the December 2016 quarter at $US200 per tonne. The Department of Industry, Innovation & Science recently forecast that the benchmark price for coal contracts will average $US99/tonne in 2016 and $US108 in 2017.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, NATIONAL PRESS CLUB (AUSTRALIA), PEABODY ENERGY AUSTRALIA COAL PTY LTD, NIPPON STEEL AND SUMITOMO METAL CORPORATION, MOODY’S INVESTORS SERVICE INCORPORATED