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    iron investing

    Spot Iron Ore Falls To Lowest Level In 2 1/2 Years

    Investing News Network
    Aug. 09, 2012 12:38PM PST
    Base Metals Investing

    Reuters reported spot iron ore prices fell to the lowest level in more than 2-1/2 years, weighed down by sluggish demand in top consumer China.

    Reuters reported spot iron ore prices fell to the lowest level in more than 2-1/2 years, weighed down by sluggish demand in top consumer China.

    As quoted in the market news:

    Benchmark 62 percent-grade iron ore fell $1.30 from day ago to $114.90 per tonne on Wednesday, its lowest point since Dec. 29, 2009, according to data from The Steel Index.

    Click here to read the full Reuters report.

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