Iron ore falls to record low

Iron ore falls to record low

AAP The price of iron ore has fallen to fresh seven-year lows as demand from China slows and surging supplies flood the market. Benchmark iron ore for immediate delivery to the port of Tianjin in China fell to $US51 a tonne from $US52.90, continuing a run of losses since last week. Predictions from various forecasters including Westpac, Deutsche Bank and others that prices will keep falling - po…

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