Australian analysts expect the price of iron ore to fall to $96 per tonne this year, and to reach $84 and $77 per tonne in 2025 and 2026, respectively.‎The Australian Department of Industry, Science and Resources predicts that iron ore prices will drop to $96/ton in 2024. At the same time, in 2025 they will fall to $84/t, and in 2026 – to $77/t. It is reported by SteelOrbis with reference to the quarterly report of the department.