Iron Ore Heads for Longest Bear Market in 20 Years

Iron Ore Heads for Longest Bear Market in 20 Years

Ian Waldie/Bloomberg

A haul truck approaches a digger in the pit at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia. Iron ore may average $96 a metric ton in 2017, compared with $167.60 last year, according to the median estimate of five analysts surveyed by Bloomberg News.