Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australia on Tuesday downplayed the chances of a strong recovery in iron ore prices, sticking with an earlier forecast of $60 for 2015 despite a 25% recovery in the market price this month. Shares of smaller iron ore miners have surged in recent weeks after the spot iron ore price rebounded from more than 10-years lows, although analysts are doubtful the higher prices can be sustained.
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