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Iron ore prices hit seven-month low, Aussie miners affected

Cecilia Jamasmie | May 30, 2013 | 2:36 pm Australia China Europe Iron Ore 

Iron ore prices dropped to a seven-month low of $113 triggered by worries over weak Chinese steel demand and concerns about overcapacity in the industry. The fall in the price of the steelmaking material has prompted nervous investors to exit...

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