IRON ORE FALLS TO US$ 43.40 OVERNIGHT

Iron ore fell to $43.40 overnight (from Tuesday to Wednesday).

This is the lowest level of price in 10 years.

The product 

was trading around $71 this time last year according to data from Thomson Reuters.

Iron ore peaked at $191 in February 2011, which prompted a huge lift in suppliers as major miners expanded their mines and new players entered into production.