Original article by Jessica Sier
The Australian Financial Review – Page: 31 : 15-Nov-16

The spot price of iron ore with 62 per cent content has risen by 102 per cent since early 2016, and 22 per cent so far in November. However, Daniel Morgan of UBS does not believe that the current price is sustainable, noting that iron ore miners have not increased their production capacity in response to the price surge. He adds that the iron ore market is unlikely to benefit from the election of Donald Trump, as the US is not an iron ore importer.

CORPORATES
UBS HOLDINGS PTY LTD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, MACQUARIE WEALTH MANAGEMENT, BC IRON LIMITED – ASX BCI, ATLAS IRON LIMITED – ASX AGO, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO