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.
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"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."
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Iron ore heads toward bear market Iron ore plunged more than 5...
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