@ griffin.
I bought at R54.74, I think now will be a good time to buy. Of course you can wait to see if it goes down more, but I think if it turns it will go up quick and might pay more R60 level.
KIO
Iron ore extended its decline into a bear market, slumping by the most since August 2009, amid concern that demand in China is slowing just as rising output signals a global glut.
Ore with 62 percent content delivered to Tianjin fell 8.3 percent to $104.70 a dry ton, the lowest since October 2012 and the biggest drop in more than four years, according to data from The Steel Index Ltd. yesterday. The benchmark price lost 27 percent since Aug. 14, when it reached a five-month high of $142.80. The raw material dropped into a bear market on March 7.
Nickel is up, Copper down.