Not so fine… behind the iron ore crunch

A sea-change is underway in Australia’s key export industry and there could be worse to come.

Sharp price falls over the past month by iron ore miners might tempt speculators to buy what they believe are bargains, but cautious investors should hold back until a clearer picture emerges of a sea-change in Australia’s most important export industry.

Despite a fall of 33% by Fortescue Metals over the past 12 trading days, and 50% by Mt Gibson Iron, there could be worse to come.

The problem is five-fold.


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