Forecast: Iron Ore Prices to Average $130 in 2013, $90 in 2015

By Vittorio Hernandez

Australia's mining sector appears to have rejoiced too soon in the partial recovery of iron ore price in the global market. With the commodity reaching $138.50 at the start of 2013 from a low of $89 a tonne in 2012, miners such as Rio Tinto had planned production boosts.

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