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The start of an overdue iron ore correction

It’s been a long time coming but without another sudden fall in supply, the iron ore boom which has propelled BHP, Rio Tinto and a number of other miners to record earnings is coming to an end.

The start of an overdue iron ore correction The start of an overdue iron ore correction The start of an overdue iron ore correction The start of an overdue iron ore correction The start of an overdue iron ore correction

A sharp drop late last week in the price of the most widely traded form of the material, ore containing 62% iron, not only saw a fall below US$200 a tonne but came with warnings from investment banks