From Australia Mining
http://www.australianmining.com.au/...ail&utm_term=0_fe913f1856-1fdbe79a15-60391605
"
Iron ore has finally slipped below the new US$40 per tonne watermark.
This is a worrying new low for the market, as the iron ore futures fell under the US$40 per tonne price point, according to Bloomberg.
The SGX AsiaClear contract price for January slumped to US$39.67 a tonne, and marks a return to prices not seen since before the Global Financial Crisis, in 2007."
