Iron Ore at Lowest Level in 5 Years

The video discusses the current state of the iron ore market, highlighting a significant price drop due to oversupply and increased output by major companies like BHP, Rio Tinto, and Vale SA. It also examines the impact of China's economic slowdown, including falling home prices and rising bad loans, which further affect the iron ore market. The video concludes with an analysis of the steel market and global seaborne output, predicting continued price declines.

What was the lowest level of iron ore prices since 2009, as mentioned in the video?

• $80.00 a tonne

• $71.80 a tonne

• $90.00 a tonne

• $60.00 a tonne

Which companies increased their output, contributing to the global glut in the iron ore market?

• BHP, Rio Tinto, and Vale SA

• ArcelorMittal, Tata Steel, and Nippon Steel

• Anglo American, Fortescue Metals, and Glencore

• China Steel, POSCO, and JFE Steel

What economic issue in China is mentioned as having climbed the most in nine years?

• Bad loans

• Inflation rate

• Export deficit

• Unemployment rate

By how much did the global seaborne output exceed demand this year?

• 200 million tons

• 150 million tons

• 100 million tons

• 50 million tons

What is the expected average price of iron ore per ton for the first half of 2015?

• $85.00

• $70.00

• $60.00

• $99.00