Business
Iron ore records tumble as spot price reclaims 2013 levels – The Australian Financial Review
The Australian dollar jumping to US74.20¢ and the spot price of iron ore advanced to $US136.29 is a perfect storm for the Australian economy.
“The iron ore price is a big deal, the whole market had been sitting here waiting to see if Vale could hit guidance or not, and we’re getting this industrial recovery through East Asia. You’ve got a perfect storm of accelerating global activity, Vale’s supply situation, and also this broad-based market view that the US dollar is going to be in down trend.”
Yarra Capital’s Tim Toohey: A game changer for the budget fiscal position. Eamon Gallagher
As well as supporting a strong iron ore price view,…
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