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CAP SA Falls as IM Trust Says Iron Prices to Drop 20% Lower
Jan. 28, 2013 10:30PM PST
Base Metals Investing Bloomberg reported that Chile’s largest iron ore miner, Cap SA, fell after IM Trust SA said the average prices for iron this year may be 20% lower than its March estimate.
Bloomberg reported that Chile’s largest iron ore miner, Cap SA, fell after IM Trust SA said the average prices for iron this year may be 20% lower than its March estimate.
As quoted in the market new:
Shares dropped 0.6 percent to 17,390 pesos at 3:31 p.m. in Santiago trading. The stock slid 1.4 percent last week, the biggest decline since Dec. 7. Cap reached a four-month closing high of 17,885 pesos on Jan. 10.