Australia’s Iron Ore Export Terminals Closed

Reuters reported a tropical cyclone, Heidi, has shut down Australia’s iron ore export terminals in Pilbara.

As quoted in the market news:

Up to 250 millimetres (9.8 inches) of rain was also possible across central and eastern parts of the Pilbara iron belt, where most of Australia’s iron ore mining occurs, it said.

Click here to read the full Reuters report.