Atlas Sees Spot Iron Ore Trading in $120-$170/Ton Range

Bloomberg reported Atlas Iron Ltd. (ASX:AGO) expects iron ore prices to stay in a range between $120 a metric ton and $170 a ton in 2012.

As quoted in the market news:

A move toward monthly iron ore contract pricing is positive as it would provide more surety, Chief Executive Officer David Flanagan said today in an interview at his company’s Wodgina mine site in Western Australia’s Pilbara region.

Click here to read the full Bloomberg report.