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Iron ore price tumbles through $120 over Chinese lending fears

Frik Els | February 24, 2014 | 11:09 pm Australia China Iron Ore 

The globe's most active steel future – Shanghai rebar for January delivery – dropped to a record low of Rmb3,308 ($540) per tonne on Monday sending the price of iron ore – a primary steelmaking ingredient – tumbling. The benchmark...

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