Chinese iron ore mines halt operations on weak prices-assn

DALIAN, CHINA, Sept 27: Some 40 percent of iron ore mines in China have already suspended operations as a slump in prices have forced them into losses, the Metallurgical Mines Association of China said on Thursday.

Iron ore prices are expected to hover between $90-$110 in the next two years, Liu Xiaoliang, executive deputy secretary general of the association told an industry conference in Dalian. (agencies)


Please enter your comment!
Please enter your name here