iron ore prices plunge to 10-year low as Chinese miners continue digging
The 62% Fe import price including freight and insurance at the Chinese port of Tianjin lost $1.20 or 2.2% to $52.90 a tonne on Monday. After giving up 47% in 2014, the price of iron ore is now down another 25% this year.
Iron stocks: Fortescue -3.3%, BC Iron -2.7%, BHP -2.2%
Need i say more...
Het kan nog lager, nog even afwachten