Australian Mining reported that the iron ore price has sunk below US$65 per tonne for the first time since 2009. The metal has now lost 10 percent of its value since January 1, 2015.
Australian Mining reported that the iron ore price has sunk below US$65 per tonne for the first time since 2009. The metal has now lost 10 percent of its value since January 1, 2015.
As quoted in the market news:
Benchmark iron ore for immediate delivery to the port of Tianjin in China last traded at $US63.30 a tonne, the lowest price since May 2009.
Analysts warn the bottom of the market is yet to be seen, with most predicting the price of iron ore will fall to lows of $US60 a tonne.
At current prices, many iron ore mines are operating at a loss and the casually list is mounting.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1779.14 | -19.98 | |
Silver | 20.23 | -0.55 | |
Copper | 3.59 | -0.08 | |
Palladium | 2150.00 | -63.00 | |
Platinum | 932.50 | -28.50 | |
Oil | 88.32 | -3.77 | |
Heating Oil | 3.47 | -0.05 | |
Natural Gas | 8.63 | -0.14 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Base Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.