Iron Ore: Slowing China Economy Clouding Demand

Reuters reported a slowing Chinese economy clouding the demand outlook in the world’s top consumer and halting producers’ buying interest for iron ore.

As quoted in the market news:

BHP Billiton , the world’s top miner and third-biggest iron ore supplier, warned that commodity markets could cool further and said investors had lost confidence in the longer-term health of the global economy.

Click here to read the full Reuters report.