Iron ore $10/tonne I see no reason why this can't happen unless producers start cutting back but none are willing to do. This is like OPEC refusing to cut oil supply squeezing higher cost producers out of the market and into bankruptcy.
http://www.theaustralian.com.au/bus...e-and-stay-there/story-e6frgac6-1227299135885
Iron Ore Price, page-1804
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