Pilbara Iron Ore Prices ‘Will Succumb’

SMH reported the price price of Australia’s Pilbara iron ore has begun to crack under the pressure of the global economic slowdown.

As quoted in the market news,

But unlike the price collapse that accompanied the September 2008 start to the global financial crisis, spot prices for the steel-making raw material remain at historically high levels of more than $US160 a tonne.

Click here to read the full SMH report.