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    iron investing

    Iron Ore: Spot Prices Drop as China Buying Stalls

    Investing News Network
    Nov. 23, 2011 02:20PM PST
    Base Metals Investing

    Reuters Africa reported iron ore fell for a second time in three sessions and offer prices dropped further on Wednesday.

    Reuters Africa reported iron ore fell for a second time in three sessions and offer prices dropped further on Wednesday.

    As quoted in the market news:

    Having replenished iron ore inventories over the past three weeks, Chinese steel producers are holding back on more purchases, halting a rally that has lifted spot iron ore prices by 24 percent this month after a 31 percent slump in October.

    Click here to read the full Reuters Africa report.

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