Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut
The bank cited market oversupply even though demand from top consumers in China is stabilizing.
Mining Weekly reports that the development of a new iron-ore province in South Australia would require an estimated A$7.6-billion in infrastructure investment.
The market news is quoted as saying,
Promoting the iron-ore province at the Australian Resources Chinese Investment Congress in Adelaide, Alliance spokesperson Andrew Woskett said that any individual components of the overall infrastructure proposals could make stand-alone investment opportunities, in their own right.
