Iron Ore Hits the Skids as Miners, Banks Wrangle Over Supply

  • ‘The risk looks to be to the downside,’ says CMC’s Spooner
  • Vale says S11D ramp-up will take four years to complete

Iron Ore's Fortunes Turn Rusty

After a stellar run in 2016, iron ore has hit a rough patch. The prospect of a slump below $50 a metric ton is now back in view after the longest losing streak in more than five months as investors, analysts and miners spar over the impact of additional low-cost supply.

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