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China’s Baosteel warns of end to iron ore investment frenzy
Apr. 27, 2011 05:08AM PST
Base Metals Investing Reuters Africa reports that global supply and demand conditions for iron ore may reverse sooner than expected after a years-long investment frenzy.
Reuters Africa reports that global supply and demand conditions for iron ore may reverse sooner than expected after a years-long investment frenzy.
The market news is quoted as saying,
“In the last decade, iron ore has turned into a crazy stone from an ordinary stone,” Baosteel Group chairman Xu Lejiang was quoted as saying by the Shanghai Securities News.
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