Iron ore plunges to 10-month low, threatening ASX record high

"We think the drop has been very reasonable given how abnormal the price had remained before now," he said. "We wouldn't be surprised to see it go lower." Mr Sala Tenna said that while prices were unlikely to meaningfully hit low-cost Australian iron ore producers, other miners might be starting to feel the pinch. "We may be starting to get close to the cost curve for some of the higher-cost Chinese producers, so we may start to see some pushback." The fall in iron ore follows similarly bad news for nickel miners after the Indonesian government forecast that nickel exports…