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Global iron ore prices expected to decline

Posted on 22 November 2012

Global iron ore prices will decline in the long-term due to China’s economic slowdown and its struggling steel industry, insiders said on Tuesday. The volume of China’s online spot-trading platform for iron ore has been zero for the past four weeks as buyers and sellers sit on the sidelines.
“Traders expect a declining iron ore market, which is hitting volume,” said Dong Chaobin, president of the China Beijing International Mining Exchange, one of the organizers of the platform………………………………………..Full Article: Source


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