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Reuters reported iron ore prices fell to their lowest levels since 2009 on Thursday dragging down shares in iron ore miners.
Reuters reported iron ore prices fell to their lowest levels since 2009 on Thursday dragging down shares in iron ore miners.
As quoted in the market news:
Benchmark iron ore with 62 percent iron content slid nearly 2 percent to $88.70 per tonne on Thursday, according to data provider Steel Index, the lowest since October 2009, although recorded spot prices fell as low as $59 in early 2009. Iron ore pricing moved from a decades old once-a-year benchmark to a system based on daily assessments in 2010.