Iron-Ore Export Ban Upheld by Indian Court, Shrinking Supplies

Bloomberg.com reports that a ban on Indian Iron exports will likely effect global supply.

The story is quoted as saying:

Reduced shipments from the Asian country would increase global competition for supplies, bolstering prices of the raw material. The curbs imposed by Karnataka’s government will cut India’s exports by 38 percent to 66 million metric tons this year, FIMI predicted in August.

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