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


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“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...