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Iron ore price plummets as Chinese stockpiles rise

Cecilia Jamasmie | May 03, 2016 | 8:07 am Top Companies Australia China Europe Iron Ore 

Iron ore prices lost more than 4% of their value on Tuesday, as China’s port inventories have started piling up. The drop comes as stockpiles in China, the world’s main buyer, climbed 1.2% to 98.5 million tons last week. The steel-making...

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