Summary: The rust has set in on iron, with the ore price slump pushing more and more producers closer to the wall. The collapse of Termite Resources this week is a clear indication that smaller producers with high production costs and lower quality ore will struggle to break even as the iron ore price remain weak.
Key take-out: Investors in iron ore stocks still are being forced to trade on substandard information, with producers not obligated to report their all-in operating costs in the same way as gold producers.
