Iron Ore

Iron Ore

Mining shares
When Failure Is Winning

When Failure Is Winning

Euro Banks MoneyChina is churning out oceans full of unprofitable steel because it’s the only way it can keep economic growth from stalling. To state the obvious, this is an unsustainable growth model.
Will the Iron Ore Price Stay above US$60?

Will the Iron Ore Price Stay above US$60?

Loading of iron ore on very big dump-body truckThe iron ore price soared on Monday. The metal jumped by 3.6%, trading above US$60 a tonne. Last night, iron ore experienced another small rally, up 4.1% to US$62.85. Yesterday’s rally gives iron ore a 44% gain for the year.