A dramatic reversal in iron ore prices sent market darling Fortescue Metals to the dog house on Friday as it traded for $15.80, just above a 52-week low of $15.62.
Other iron ore heavyweights BHP Billiton, Rio Tinto, and Mineral Resources tumbled as iron ore shed 8 per cent to $US107 per tonne. South32 is off 4.9 per cent.
Gold miners are also being marked down as the precious metal fell overnight.
