Massive Black Horse Chromite Discovery
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Message: Iron ore price below $80
Iron ore price below $80
Mining.com
Frik Els
September 23, 2014
After attempting a comeback of sorts last week iron ore prices fell again today.
Northern China 62% Fe imports tracked by The SteelIndex on Tuesday exchanged hands for $79.40 a tonne, the lowest price for the steelmaking raw material since September 7, 2009.
The price of seaborne iron ore has declined more than 40% this year as continuing worries about the Chinese economy and the flood of new supply dampen enthusiasm for the commodity.
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