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Reports: Chinese steel giant says iron ore market is in a ‘bubble’

Frik Els | May 20, 2011 | 5:21 pm Australia China Latin America Iron Ore 

"Everyone who has money is rushing to invest in iron ore," Baosteel Group chairman, Xu Lejiang said on Friday, warning that supply may outstrip demand “sooner than expected” pushing prices down in the process. Brazil’s Vale — the world's number...

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