Iron ore slips below $US100/tonne
The price of iron ore futures has dropped below US$100 ($137.60) a tonne on the Singapore Exchange as shipments from Port Hedland in Western Australia also continue to decline.
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Iron ore decline hits Port Hedland
Port Hedland’s exports have dropped to six-month lows in August amid weakening iron ore prices and simmering demand from China.
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WoodMac expects iron ore prices to fall in second half
Wood Mackenzie has forecast that lower Chinese demand will be the driving factor that causes iron ore prices to decrease by more than 10 per cent in the coming months.
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