Iron (Fe) - industrialisation

Iron is the chemical element at the heart of steel, and by extension of industrialisation, so what does the collapse in iron ore prices say about the economic progress of China and India? Is the steel-making party over, or is a new one just about to begin? And will humanity, one day, stop digging this element up altogether? (Photo: Skyscraper under construction in Pudong, Shanghai, Credit: Getty Images)