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/...ail&utm_term=0_fe913f1856-6c7f7bf360-60391605
