| The price of iron ore has again sunk to a five-year low, falling to its lowest level since September 2012 on continued fears of a supply-demand imbalance. Benchmark iron ore for immediate delivery to the port of Tianjin in China is currently trading at $US81.70 a tonne, down 1.6 per cent on its $US83 closing mark in the previous session and below the previous five-year low of $US81.90 set on September 11.
The latest move marks four straight red sessions for the commodity after it jumped 3.9 per cent on Monday to a level above $US85 a tonne...............................................Full Article: Source
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