The West

Iron ore miners hit by price falls
Iron ore miners hit by price falls

UPDATE 2.25pm: The nation's iron ore miners continued to feel share price pressure today on the falling iron ore price.

Iron ore was $US91.50 a tonne yesterday with further pain expected.

Fortescue Metals Group was the worse affected after it copped a downgrade from Morgan Stanley.

Shares in FMG shares plunged 27 cents, or 6.24 per cent, to close at $4.06.

Atlas Iron was also off sharply, down 2.5 cents, or 4.07 per cent, to 59 cents, a post-GFC low for the stock.

Rio Tinto gave up $1.12, or 1.91 per cent, to close at $57.60 while BHP fell 42 cents to $35.29.

The West Australian

Latest News From The West

Brunch. It’s probably the most universally used portmanteau word in modern language (although motel and Brexit would give it a run for its money). The term brunch has been around since the late …

A 130-year-old West Perth home built by Edith Cowan — the woman on the $50 note and the first woman elected to an Australian Parliament — has been saved from demolition.

Popular videos