Iron ore heads toward bear market
Iron ore plunged more than 5 per cent on concerns about future demand in China and tightening US monetary policy.
Read more: http://www.copyright link/#ixzz4tMBfNLEJ
Follow us: @FinancialReview on Twitter | financialreview on Facebook
"Iron ore plunged more than 5 per cent on concerns about future demand in China and tightening US monetary policy.
The spot price of iron ore dropped $US3.56 to $US66.09 a tonne on Thursday, according to Metal Bulletin. The steel making raw material has shed 16 per cent so far this month, triggered by efforts to reduce pollution in China. The spot price of iron ore ended August at $US78.91 a tonne."
Read more: http://www.copyright link/business/...hina-us-worries-20170921-gymh0p#ixzz4tMAwxpkC
Follow us: @FinancialReview on Twitter | financialreview on Facebook