Iron ore prices slip from 5-month highs

Oct. 20, 2010 12:12PM PST

Mineweb.com reports that after seeing 5-year highs last week, Iron Ore prices have fallen. This can be attributed to Chinese buying pulling back. The story is quoted as saying: “There are fewer purchases because prices have moved up too fast in just a few days, so buyers are taking a break,” said an iron ore […]

Mineweb.com reports that after seeing 5-year highs last week, Iron Ore prices have fallen. This can be attributed to Chinese buying pulling back.

The story is quoted as saying:

“There are fewer purchases because prices have moved up too fast in just a few days, so buyers are taking a break,” said an iron ore trader in Shenzhen.

For the full story, click here.

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