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New projects need $90-$100 iron ore - UBS

Frik Els | October 16, 2014 | 8:26 pm Top Companies Africa Australia Latin America Iron Ore 

The Big 3 are flooding seaborne market with ore they produce for as little as $20–$30 a tonne FOB to keep out competitors and protect their oligopoly, says a new report by UBS. Also, that's a huge forecast price reduction....

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