Original article by Alex Gluyas
The Australian Financial Review – Page: 26 : 18-Sep-24

Iron ore futures were trading at around $US92.50 per tonne on Tuesday, after falling below $US90 last week. The iron ore price has shed about 20 per cent since July, amid a rising global surplus of the steel input and growing concerns about the outlook for China’s property sector. Goldman Sachs now expects the iron ore price to test the $US85/tonne level in the December quarter, compared with its previous forecast of $US100. Meanwhile, Vivak Dhar from the Commonwealth Bank says the iron ore price could potentially fall to around $US80/tonne in the near-term.

CORPORATES
THE GOLDMAN SACHS GROUP INCORPORATED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA