| The iron ore price has slipped further but continues to hold above the $US60 a tonne threshold, despite a fresh prediction from ratings agency Moody’s that the commodity is set to fall from its current elevated level.
Iron ore lost 0.5 per cent to $US60.80 a tonne overnight, according to The Steel Index, from $US61.10 the previous day. Moody’s noted the recent volatility in iron ore prices, after the commodity fell to a trough in the high $US30s in late 2015 before bouncing off its lows and remaining stronger during 2016. ..............................................Full Article: Source
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