Iron Ore to Peak in 2012

By Staff -- Purchasing, 5/3/2007 6:00:00 AM

Steelmakers may keep paying record-high iron ore prices through 2012 because mining companies won't be able to meet surging demand from China and developing nations such as India. Credit Suisse analysts say prices of iron ore will rise 10% next year and 3.2% in 2009.

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