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Iron ore price drops below $60

Frik Els | May 05, 2016 | 12:23 pm Africa Australia China Iron Ore 

On Thursday the Northern China benchmark iron ore price fell 2.5% to $59.50 per dry metric tonne (62% Fe CFR Tianjin port) according to data supplied by The Steel Index bringing losses so far this week to 8.7% as commodity investment fever among Chinese speculators begin...

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