Updated | The vice-like grip of oversupply and high cash costs will be pressuring Australia’s iron ore miners, as the metal’s price drifts lower and margins evaporate.
Oversupply and high cash costs are increasing the pressure on Australia’s iron ore miners, as the metal’s price drifts lower and margins evaporate.
Iron ore has fallen below $US90 a tonne for the second time this year, dropping a further 1 per cent to $US89.20 overnight on Monday, amid ongoing concerns over China’s growth. In June, the metal hit $US89 a tonne.
