Iron ore sees fresh two-year low

By Daniel Palmer

As a result benchmark iron ore for immediate delivery to the port of Tianjin in China is currently trading at $US87. 10 a tonne, down almost one per cent from its $US87. 90 closing mark in the previous session and below the year's previous low point of $US87. 30, reached on Thursday last week.

Such news is unwelcome for investors in the commodity as it further raises fears of soft demand at a time when iron ore heavyweights Rio Tinto, BHP Billiton, Fortescue Metals Group and Vale are raising supply.

Read more here: Business Spectator


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