MARKETS SPECTATOR: Miners rally against the clock

UBS says the iron ore price could fall back to $80 per tonne in the third quarter, but there may be a silver lining in lower interest rates.

UBS strategist David Cassidy says the next four months may not be a great time for mining shares.

Cassidy believes iron ore prices may, in the third quarter – a time of seasonally low demand in China – “revisit $80 (a ton) and briefly go below that”.

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