Australia is the world's largest exporter of iron ore and the Australian government's official forecasts for the next two years are that the price of iron ore will fall.
The iron ore price is forecast to fall to US $ 46.7 /t in 2018 due to weaker demand from China. The senior analyst noted that prices will not be sustainable in the future.
Australia in the 2016-17 fiscal year is expected to reduce its iron ore exports by 2%.
Australia predicts falling iron ore prices
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