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Chinese iron ore mining is already out of whack and now 500 million tonnes of new capacity is coming

Frik Els | October 29, 2012 | 9:29 pm China Iron Ore 

Iron ore on Monday traded at exactly $120 a tonne – a psychologically important level for the industry and a 38% improvement since hitting a three-and-a-half year low of $86.70 in September. Iron ore's recovery to triple digits is attributed...

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