Iron ore price to remain between $80-100 amid demand slump, supply growth

Global iron ore prices are expected to stay between $80 and $100 per tonne over the next 18 months due to weak demand and slowing economic growth, according to a Moody’s Ratings report on metals and mining. Moody’s said the price range will cap earnings growth for large producers, though most will remain profitable even if prices fall below $80, owing to their low production costs.