Original article by David Rogers
The Australian – Page: 23 : 13-Jun-24

The iron ore price reached a two-month low of $US103.35 per tonne earlier this week, weighing on the Australian sharemarket and the nation’s largest mining companies. Vivek Dhar from the Commonwealth Bank says the downturn in the iron ore price is probably due to ongoing concerns about China’s property market, despite recent government stimulus measures. Dhar believes that the iron on price will not rise sustainably above $US110 per tonne unless the Chinese government pursues additional infrastructure stimulus measures.

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COMMONWEALTH BANK OF AUSTRALIA – ASX CBA