Business

The spot price of iron ore dropped 4.1 per cent to $US81.57 a tonne at its Monday fix, according to Metal Bulletin.

Spot iron ore extends rout

Iron ore fell, extending its retreat from its February peak to 14 per cent, as Chinese steel inventories edge ever higher.

Delays in South 32 acquiring Peabody's Metropolitan mine has added to its cash surplus.

Surging cash bank prompts big South 32 buy-back

Delays in prospective acquisitions amid continued high commodity prices has prompted South 32, the BHP Billiton spin-out of orphan assets, to buy back close to 5 per cent of its shares for $US500 million

Benchmark spot ore with 62 per cent content in Qingdao fell 1.5 per cent to $US85.06 a tonne on Friday, taking the ...

Iron ore loses 7.9pc on week

Spot prices for the steel-making raw material retreated in an "overdue correction", but fundamentals remain strong.