Iron ore’s downpour intensifies

Iron ore has claimed its first victim, with more to come as the price continues to slide.

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.


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