Home » Bank of America Corp

Tag: Bank of America Corp

Post
Brokerages expect iron ore price to fall

Brokerages expect iron ore price to fall

In its recent report, Bank of America Corp said it expects the global price of iron ore to decline to $110 a tonne by the end of 2013 from $140 a tonne in the first quarter because of supply glut in the market. Bank of America feels that the recent price rally is not sustainable and the price should come off in the second half of the year as more supply begins to come on li