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Australia extends iron ore price outlook above $100 per tonne to late 2021 Australia expects the iron ore price to stay above $100 per tonne until late 2021 - instead of mid-2021 as it said in a previous report - and decrease to $72 per tonne by the end of 2026. This iron ore price outlook for the rest of 2021 is supported on strong demand from China and concerns about disrupted supply in Brazil, Australia’s Department of Industry, Science, Energy & Resources said in its resources and energy quarterly report released on Monday March 29. On the iron ore supply side, Australia expects challenges from competitors such as South America and Africa who should increase iron ore output in the coming years, but global iron ore markets should remain tight with slow growth in both supply and demand over the next five years, Fastmarkets heard.

United statesAustralia department of industryEnergy resourcesMonday marchSouth americaIron ore priceIron ore indexIron ore exportsResources and energy quarterlyNathan riverNt bullionRio tintoஒன்றுபட்டது மாநிலங்களில்ஆஸ்திரேலியா துறை ஆஃப் தொழில்ஆற்றல் வளங்கள்திங்கட்கிழமை அணிவகுப்பு