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Iron ore's red-hot rally flames out
Prices have suffered steep losses over the past week on changing supply-demand dynamics
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Published Sun, Jun 9, 2019 · 09:50 PM
Singapore
IRON ore's explosive ascent seems to have ended as abruptly as it began.
The ferrous commodity suffered steep losses over the past week on the reversal of the demand and supply-driven factors that had led to it scaling a five-year high in late May, after it burst past the US$100 tonne mark.
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