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Iron ore price crash looms, signalling an end to the commodities super cycle

Posted on 14 March 2013

Three of the world’s biggest mining companies are heading for a rough ride over the next few years as the once heavily-promoted commodities super-cycle enters its end game with the price of iron ore tipped to be the next mineral to suffer a sharp price correction as demand for steel in China dries up.
The glut of iron ore developing in the international market is good news for steel consumers such as car makers and builders but will hit the profits of BHP Billiton, Rio Tinto and Vale, the big three of the seaborne iron ore trade……………………………………Full Article: Source


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