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The iron ore price declined 1.7% to back below $120 on Friday, ending an almost 7% rally that began last week. The benchmark import price of 62% iron ore fines at ...
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Citi is the latest bank to take aim at iron ore, forecasting prices will fall below $50 a tonne by the end of the year as it downgraded Fortescue Metals Group to sell.
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Down nearly $800 since Monday as Indonesia ore exports return to market, Philippines rethink mine closures.
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The Philippines is considering a five year moratorium on exports of iron ore till the completion of its two integrated steel processing plants. According to country's ...