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Iron ore, copper price falls loom

Sep 09, 2019 (The Australian - ABIX via COMTEX) --

JPMorgan advised on 9 September that it had cut its 2020 price forecast for iron ore from $US85 a tonne to $US81 a tonne. It cited the escalation in the trade war between US and China and the associated likelihood of a global recession as its reason for the downgrade. Macquarie Wealth Management noted that while recent market conditions have created a 'sweet spot' for gold, the same market conditions were creating challenges for the price of copper..

Publication Date: 10 September 2019

JP MORGAN AUSTRALIA LIMITED
MACQUARIE WEALTH MANAGEMENT
RIO TINTO LIMITED - ASX RIO

By Nick Evans

Copyright 2019 Roy Morgan Research. All Rights Reserved.

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