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Silver Futures $ 32.914 / ozt 0.95%

Aluminum Futures $ 2309.25 / ton 0.00%

Micro Gold Futures $ 3372.6 / ozt 1.09%

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Platinum $ 1001.6 / ozt 2.17%

Gold Futures $ 3344 / ozt 1.02%

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Iron ore set for rebound: Arrium boss

Australian Financial Review | October 7, 2012 | 5:18 pm

Arrium chief executive Geoff Plummer has defended the company’s rejection of a $1 billion Korea-backed takeover bid, arguing a doubling of production at its iron ore mines in South Australia will provide a buffer against falling commodity prices and the company’s $2 billion debt.