Northwestern Australia Ports Reopen After Cyclone Weakens

Reuters reported that iron ore export ports in Northwestern Australia, such as port of Dampier, Port Hedland, and Cape Lambert have reopened or will reopen Thursday after powerful Cyclone Rusty have reportedly weakened.

As quoted in the market news:

At one stage Port Hedland had expected a “direct hit” from Rusty, but the massive category four storm, one short of the most destructive category five, crossed the coast about 100kms (62 miles ) north. It is now a category one storm and weakening.

Click here to read the full Reuters report.