Australia lifts iron ore price forecast for 2022 – Argus Metals
The spot price for 62pc Fe iron ore fines on a fob basis is forecast to average around $110/t for 2022 from the previous estimate of $79/t made in December, the Australian government's commodity forecaster the Office of the Chief Economist (OCE) said in its March 2022 Resources and Energy Quarterly (REQ) report.