JPMorgan trims its forecast for iron ore prices by 10%-15% over the next five years in response...

|By:, SA News Editor

JPMorgan trims its forecast for iron ore prices by 10%-15% over the next five years in response to lower expected demand. The firm says that although Chinese production is expected to remain elevated for some time, global demand warrants a reduction until the general macroeconomic environment improves. Rio Tinto (RIO -1.4%) and BHP Billiton (BHP -0.2%) AH.