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    iron investing

    RCR Sees 2012 Downward Price Pressure on Iron-Ore

    Investing News Network
    Oct. 05, 2011 01:48PM PST
    Base Metals Investing

    Mining Weekly reported iron-ore prices would be under downward pressure in 2012, as additional supply entered the market and global demand growth weakened.

    Mining Weekly reported iron-ore prices would be under downward pressure in 2012, as additional supply entered the market and global demand growth weakened.

    As quoted in the market news,

    The iron-ore spot price, at around $173/t, has declined 11% from the record high of $192/t reached in February.

    Click here for the full Mining Weekly report. 

    iron investing
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