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Iron ore drops

Precious metals, oil also down

Kristie Batten
Iron ore stockpiles at Rio Tinto's Cape Lambert port

Iron ore stockpiles at Rio Tinto's Cape Lambert port

Iron ore has traded over US$150 per tonne this month, well above analyst expectations. Futures fell more than 10% yesterday. The MySteel 62% Australian iron ore fines price dropped just 1% to $147/t,...

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