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Economist Andy Xie predicts iron to fall below US$40

Singapore

IRON ore bear Andy Xie is sticking to his guns.

The price will drop below US$40 a tonne before year-end, and trade in the US$30s in 2016 as demand in China sputters, according to Mr Xie, an independent economist who's predicted a collapse since at least 2012. Mills in

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