Iron – Bloomberg reported that according to Morgan Stanley, iron ore will decline over the rest of 2013 as supply increases and rally triggered by China restocking ends.
Articles Tagged "Bank of America Corp."
Platinum – Bloomberg reported that platinum supplies have reached their lowest levels in 13 years as the world’s biggest producer of the metal has shut down its mines in South Africa. The increase in automobile sales has also contributed to the supply deficit.
Iron – Bloomberg reported that iron ore is set to fall through the end of March, as China celebrates a week-long New Year celebration next month. Mills opting for domestic supplies is also seen as a contributing factor to the price drop, according to Australia & New Zealand Banking Group Ltd.
Iron – Bloomberg reported that Morgan Stanley has increased its iron ore prices forecast for 2013 on expectations that China’s economic growth will continue to rise on a rapid pace.