Not exact matches
Gold,
iron ore and oil
prices are seeing a rebound at the moment with many analysts believing that commodity
prices have «bottomed out» and are eyeing gains, but Goldman Sachs has issued a warning on the
current surge in commodities arguing that it is «not sustainable.»
I expected that the shift in demand for
iron ore generated by rebalancing would cause
iron ore prices within 3 - 4 years to drop by over 50 % from their then -
current levels of around $ 180 - 90 a ton.
Iron ore contract
price negotiations have also commenced, and
price increases of over 50 per cent are possible given the
current strength of global steel demand.
Under normal international taxation rules established to set fair transfer
prices (3), the
iron ore would normally be sold at an «arm's length
price», which is usually linked to the
current market
price.