Iron Ore's $10 Trading Range May Snap on Low-Cost Supplies

Updated on
  • Westpac's Smirk forecasts price may decline to $45 by year-end
  • BHP Billiton set to report quarterly production on Wednesday

Iron ore is at risk of being knocked out of a trading range that has held for more than three months, possibly slumping back below $50 a metric ton, as the top producers boost low-cost supply and steel output contracts in China, according to Westpac Banking Corp.

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