| Iron-ore prices sank to below US$100 per metric ton for the first time in nearly two years, driven down by market worries that demand from China is being outpaced by increasing output of the steelmaking raw material from international miners.
Australian exporters of iron ore—the cheapest in the world—still have headroom to export at current prices, but analysts say some companies may need to rethink planned expansions of mines if the price continues to slide...........................................Full Article: Source
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