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Iron ore in fresh crisis as forward prices slide

Its outlook is more bearish than oil and dire for miners struggling to just stay in business

ironore_.jpg
Its outlook is more bearish than oil and dire for miners struggling to just stay in business

Singapore

IRON ore is veering to a new crisis as prices for future delivery of the commodity slide 30 per cent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.

Prices of the steel-making

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