Iron ore price jump to $75 a ton is not sustainable - Goldman Sachs

Bloomberg reports the latest update on the iron-ore price jump by the US investment banking giant, Goldman Sachs.

Key Points:      

The $75 a ton iron ore price is not sustainable for two reasons -

First, part of the rally was fuelled by mills restocking ahead of the Chinese New Year.

Second, supply is set to increase in 2019.