
The price of seaborne iron ore has hit USD 53 per ton or the lowest level since 2007. The question is whether the price can get any lower in a market impacted by low demand.
According to RS Platou Markets, the large mining companies, Australian Rio Tinto and BHP Billiton, have an average break-even price below USD 40 per ton, while Fortescue has a break-even of approximately USD 50 per ton.
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