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The Ore Wars after the Flash Crash

Frik Els | April 13, 2014 | 7:05 pm Africa Asia Australia Canada China Iron Ore 

CLICK HERE FOR JUNE 2017 UPDATE OF THE ORE WARS

The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using stockpiled ore as loan collateral.

Here’s a quick update to MINING.com’s three-minute slideshow on the evolution of the steelmaking raw material from a relic of the industrial age to the engine of global growth and the second biggest commodity trade after crude oil.

 

 

 

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