Iron ore slump to hurt BHP Billiton, Rio Tinto earnings

  • Tuesday, March 4, 2014
  • Source:ferro-alloys.com

  • Keywords:iron ore
[Fellow]A plunge in the price of iron ore has prompted Citi to downgrade its expectations the earnings of BHP Billiton and Rio Tinto this year

A plunge in the price of iron ore has prompted Citi to downgrade its expectations the earnings of BHP Billiton and Rio Tinto this year.

The investment bank has joined Goldman Sachs in tipping the price of iron ore - Australia's most lucrative export - to crash to $US80 a tonne within the next two years

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