“Iron ore retreated to the lowest level in at least six years as a rout in China’s stock markets threatened to hurt demand in the largest buyer just as the biggest producers plan to raise output. Ore with 62 percent content delivered to Qingdao sank 10 percent to $44.59 a dry metric ton on Wednesday, according to Metal Bulletin Ltd. That’s the lowest price on record dating back to May 2009, the data show. The raw material was until the past several years traded predominantly through annual benchmark prices. Compared with those benchmarks, this would be the lowest since 2005, data compiled by Clarkson Plc show.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Floating Nuclear Power: Inside Russia's Reactors at Sea
No need for MEADS
Bank deposits of over €100,000 may be at permanent risk in Europe
San Francisco confiscates private street from Taiwanese investor, out $90k
Japan says it faces increasing threats from China, North Korea
Tree Theft on the Rise in Germany as Heating Costs Increase
Ireland is cool for Google as its data servers like the weather
Texas bank welcomes concealed handguns
Indian government now snooping on SMSs, online chats
Bitcoin more powerful than fastest supercomputers
Gorbachev warns of Syrian intervention risks
Bloomberg: The Death of Cash
Secret files reveal police feared that Trekkies could turn on society
Twin gets life for killing man to steal his Magic cards worth $100K
Judge calls D.C. police officer charged with child sexual abuse a ‘danger’