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Significant supply of iron ore to hit market in coming years: BHP

World's biggest miner sees price of the metal having more room to fall

Iron ore has retreated since reaching a two-year high of over US$87 a tonne in February, and has fallen 24 per cent since the start of this year.


IRON ore, which entered a bear market two weeks ago, may have more room to fall in its price as significant volumes of new supply come on stream from Australia and Brazil in the coming years, BHP Billiton warned on Thursday.

Still, the world's biggest miner by market...

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