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07/12/15

19:12

Post #: 16563722
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Originally posted by wombat53 ↑

From Australian Mining 7 Dec
"Iron ore hammered again. Iron ore is continuing its slow decline, as major miners become more bearish on the metal.
Iron ore has fallen US$40 per tonne on the SteelIndex to US$39.40 per tonne, the lowest ever level for the commodity assessor.
However spot prices at Chinese ports managed to hover just above the new normal, at US$40.03 per tonne – a 10 per cent decline in the space of a week.
The metal has been on a constant downwards movement for the last five months, with prices trading at 2007 lows, and the major miners are not optimistic on its long term stability."
http://www.australianmining.com.au/news/iron-ore-hammered-again?mid=c7582f083d&utm_source=Cirrus Media Newsletters&utm_campaign=6c7f7bf360-Mining Australia Newsletter - 201512071236&utm_medium=email&utm_term=0_fe913f1856-6c7f7bf360-60391605

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