Iron Ore’s Drop Below $90 Tests High-Cost Supply as Losses Mount

Iron ore prices fell below $90 per ton, placing approximately 170 million tons of annual production into loss-making territory, according to UBS Group AG. UBS stated that prices would need to remain at depressed levels for an extended period before sufficient supply exits the market to create tightening conditions. The analysis indicates current pricing does not yet trigger widespread production shutdowns despite losses among high-cost producers.

• Bloomberg — Iron Ore’s Drop Below $90 Tests High-Cost Supply as Losses Mount

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