From the AFR:
Former Rio Tinto chief Tom Albanese says weak iron ore prices are here to stay for longer than expected and “volatility is the new normal”, as iron ore sank below $US70 a tonne overnight Tuesday for the first time in five years.
…“As long as there is a large amount of new supply you are going to have a much softer pricing world than people would have anticipated, for at least a couple of years.”
