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Iron ore price: Seaborne trade is Opec on crack

Frik Els | January 27, 2016 | 5:03 pm Top Companies Australia China Latin America Iron Ore 

When the pace of China’s urbanization gathered momentum around a dozen years ago, iron ore was still considered a relic of the industrial age. The seaborne trade was controlled by the Big 3 producers – Brazil’s Vale and Australian giant...

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