Tag «UBS»

Iron ore to dive to $US70 a tonne: UBS – Umesh Shanmugam

Iron ore, trading near 16-month highs, may slump 54 per cent to the lowest level since 2009 as China boosts production and global supply climbs, said UBS. Rates may tumble to $70 a ton in the three months ending September after trading between $130 and $160 through June, Sydney-based commodity analyst Tom Price said today. …