Business
Iron ore market deficit under threat – The Australian Financial Review
Iron ore spot prices tumbled on Tuesday and major iron ore miners were hit hard by the price fall on news the iron ore market deficit could be under threat from…
BHP Group dropped 2.8 per cent to $47.60, while Fortescue Metals Group plummeted 8.3 per cent to $20.33 and Rio Tinto tumbled 5.5 per cent to $114.49.
It was also an ill-timed debut for African iron ore explorer Genmin, which fell 13.2 per cent to 29.5¢ on its first day trading on the ASX.
They could extend into the second half of March unless the pollution improves.
Lachlan Shaw, NAB head of commodity research, speculating on the extent of the disruption
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