- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Mining Australia reported that the iron ore price continues to drop toward a 10-year low as supply and demand dynamics fall further out of line, causing traders to feel the pressure.
Mining Australia reported that the iron ore price continues to drop toward a 10-year low as supply and demand dynamics fall further out of line, causing traders to feel the pressure.
As quoted in the market news:
Benchmark iron ore set for immediate delivery to the port of Tianjin in China was trading at $US47.40 a tonne at the end of the latest session.
Iron ore commodities have risen only once in the past four weeks when trading at the second-lowest price through the last 10 years, with the sharp fall to $US 44.10 a tonne in July set to be in danger.
Investors are already under pressure with a range of new developments to cope with from the weekend, including weak Chinese trade figures and the fallout from a mining disaster in Brazil.
Chinese imports and exports both fell short of expectations, while iron ore demand was seen slowing as inbound cargoes dipped to 12 per cent in October –coinciding with a recent lift in ore stockpiles, which does not bode well for prices.
Latest News
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.