Iron ore sheds another 4.6pc

By Timothy Moore
Updated April 19 2017 - 7:43am, first published 7:37am
Cloudbreak mine Western Australia Pilbara iron ore  Fortescue metal group lead by Andrew Forrest.photo taken on the 22nd of september 2008.smh.

Photo by Jacky Ghossein SPECIALX 0000 Photo: Jacky Ghossein
Cloudbreak mine Western Australia Pilbara iron ore Fortescue metal group lead by Andrew Forrest.photo taken on the 22nd of september 2008.smh. Photo by Jacky Ghossein SPECIALX 0000 Photo: Jacky Ghossein

The spot price of iron ore now has fallen one-third from its February peak, as the slide into a bear market turns into an accelerating rout.

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