Analysts are probably going to be left scrambling yet again to upgrade their price forecast for iron ore.
These forecasts are well below the iron ore spot price. For instance, Goldman Sachs pencilled in a price of US$137 a tonne by end of June, reported the Australian Financial Review.
That implies a 27% crash in the ore price in the next 10 weeks!
Market underestimating the iron ore price rally
Goldman isn’t the only one with a…