Iron ore sinks back below $40/t

THE iron ore spot price fell by more than 4% overnight, hitting the $US30s for the first time in 2016.

Iron ore sinks back below $40/t Iron ore sinks back below $40/t Iron ore sinks back below $40/t Iron ore sinks back below $40/t Iron ore sinks back below $40/t

Metal Bulletin 62% iron ore fines dropped 4.1% or $1.68 to $39.51/t.

It was the seventh straight loss for the spot price after 11 consecutive gains over the Christmas period.

topics

loader