Big business names hurting as iron ore slump claims Western Desert

Big business names hurting as iron ore slump claims Western Desert.

One of the more high profile Iron Ore junior collapses to date,  look for more as the Iron Ore party finally grinds to a halt. Massive multi-billion dollar infrastructure expansions by the big three + fortescue have bought  a veritable flood of direct shipping iron ore to the market. Lookout the magnetite producers, as they will find it very difficult to compete in this environment.