26.10.2011 - Spot iron ore suffers biggest rout since 2009, more losses likely
Spot iron ore prices fell nearly 4 percent in their biggest single-day drop since August 2009 as thin demand from top buyer China forced some traders to sell at a loss as offers dropped further on Tuesday. Iron ore prices have shed 19 percent so far this month, the steepest monthly decline since October 2008, in a sell-off largely fueled by slower construction steel demand in China...............................................Full Article: Source
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