Iron Ore Seen Sinking Back Below $50 as Top Port Sets Record

Updated on
  • Exports from Australia’s Port Hedland climb to all-time high
  • Expansion means prices may fall through 2016, Clarksons says

Iron ore shipments from the world’s biggest bulk-export terminal in Australia surged to a record in June, buttressing a flurry of predictions that prices are headed back below $50 a metric ton into the year-end as stockpiles at Chinese ports expand further.

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