| Iron ore just can’t stay out of the news. The commodity has hit another post-financial crisis low—and a record low—when it hit $US52.90 overnight. This was down 2.2 percent from its prior close of $US54.10 a tonne.
Although analysts believe the commodity is reaching the bottom of its trading, and boy, do the rest of us hope so too, investors continue to worry about the oversupply in the market, which shows no sign of lessening. The fall is the second straight six-year trough for the commodity...............................................Full Article: Source
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