Friday 3 July 2015

Otmane El Rhazi : Australia mining shares tumble as iron ore price at two-month low

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Shares in Australia's biggest iron ore miners tumbled on Friday, after the price of the steel making raw material hit the lowest in more than two months amid further evidence of growing shipments to China. Iron ore for immediate delivery to China stood at $55.80 a tonne, its weakest since late April, Reuters data showed.

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