AUD bearish news: iron ore market could be oversupplied for next 2-3 years, says S&P

Omkar Godbole FXStreet Contributor

Iron ore, one of the top exports of Australia, is likely to remain oversupplied in the next 2-3 years, according to ratings agency S&P.

So, it seems safe to say that other things being equal, iron ore prices may remain weak in the next couple of years.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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