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Big miners playing game of chicken as marginal producers sink below break-even

Frik Els | May 27, 2012 | 10:53 pm Base Metals Energy Precious Metals Coal Diamond Gold Iron Ore Nickel Palladium Platinum Potash Zinc 

FT.com quotes research from investment bank Macquarie as saying marginal producers of iron ore, zinc, thermal coal, ferrochrome, nickel and aluminium can't turn a profit at today's prices. Smaller miners are waiting for production cutbacks by the market leaders to...

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