| The iron ore price has slumped to a one-month low as investors fret over the strength of Chinese demand. The commodity weakened 1.7 per cent to $US53.50 a tonne at the end of last week, it’s lowest price since April 11. It’s the commodity’s seventh red session in the past eight and the price has now dropped to below the government’s recent budget forecast of $US55 a tonne.
News of infrastructure stimulus out of Beijing gave iron ore miners some brief respite near the end of last week, but investors are sceptical it will have much impact on demand in the coming months...............................................Full Article: Source
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