Iron ore miners brace for a structural shift

The tumbling iron ore price may signal the start of the market's structural adjustment to a massive expansion of supply, with uncertain prospects for all but the lowest-cost producers.

The big question for smaller iron ore miners is whether the current slump in the price below $US100 a tonne is a re-run of September 2012 or something different and more structural.

In 2012 the iron price plummeted below $US90 a tonne as China’s growth rate slowed and sent the smaller miners, most notably Fortescue, scrambling desperately for stability.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles