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Iron ore heads down again — Lower for longer?

Posted on 31 May 2016

The world’s biggest iron ore miners believe that the recent rally in the price of the commodity will not last, because, while demand remains mostly flat, they have committed to maintaining or increasing their supply.
The price of iron ore, a key raw material to make steel, has fluctuated wildly so far this year, with the Northern China benchmark price plunging to a 10-year low of $39.30 per metric ton in January, a fraction of the commodity’s record high of $188 a ton in February 2011………………………………………..Full Article: Source


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