Iron ore hit by historic collapse


Iron ore has endured one of its worst sessions on record, with a fresh 11 per cent plunge taking its price to a 10-year low.

At the end of the latest session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US44.10 a tonne, down 11.3 per cent from its prior close of $US49.70 a tonne.

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