Goldman Sachs: Iron-ore will hit USD 50 a tonne in 3 months vs. USD 45 previous

In its latest note on iron-ore, analysts at Goldman Sachs increased its forecast for the prices by USD 5 in 3 months.

Key findings from the report:

Will hit $US50 a tonne in 3 months (from $45 previously)

And trade at $US40 in 6 months ($35 prior)

"We maintain the long-term target of $US35/t but highlight the potential for continued price volatility until steel inventories normalise"