Experts Forecast Iron Ore Prices to Fall Below $80 per Tonne

By International Business Times,  August 26, 2012, 10:37:57 PM EDT

The current price of iron ore at $100 per tonne is expected to drop further to $80 before the price would recover, experts said on Monday.

It is the lowest point since December 2009 which has caused miners to report drops in revenue and profit and speculations that the mining boom has come to an end.

At the start of 2012, iron ore was trading at $135 a tonne, however, slowdown of construction activities in China seven weeks ago caused the continuous drop in iron ore price.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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