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ASX miners put on alert as the iron ore price crashes overnight – The Motley Fool Australia
The S&P/ASX 200 Index (Index:^AXJO) is expected to open strongly this morning but our best loved miners may not join the party after the iron ore price tumbled.
The S&P/ASX 200 Index (Index:^AXJO) is expected to open strongly this morning but our best loved miners may not join the party after the iron ore price tumbled.
The price of the steel making ingredient on the Singapore Exchange crashed 6.9% to US$162.83 a tonne last night. It hit a record high of $176.20 a tonne only the day before.
This will put the Rio Tinto Limited(ASX: RIO) share price, BHP Group Ltd(ASX: BHP) share price and Fortescue Metals Group Limited(ASX: FMG) share price under a cloud.
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