Iron ore below $60/t

THE iron ore spot price has fallen below $US60 per tonne for the first time since 2009.

The Metal Bulletin iron ore 62% fines price slumped 3.6% or $2.21 last night to $59.73/t, while the price for 58% fines lost 3.3% or $1.72 to $50.63/t.

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