Iron Ore's 23% Surge Set to Fade as McKinsey Warns of RisksBy
`There are probably more downside risks,' Ramsbottom forecasts
Prices seen at $45 to $50 amid weak demand, rising supplies
Iron ore will probably snap back to $45 a metric ton as a nascent real-estate rebound in China won’t bolster construction demand in the world’s biggest user and supplies remain plentiful, according to McKinsey & Co.
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