Wednesday, February 26, 2014

"Iron ore price plunges below $120 on Chinese lending fears"

SMH link:

"The price of iron ore has fallen below the level of $US120 a tonne for the first time since July last year, raising fears the bulk commodity could fall further.

China's property sector is a key driver of iron ore prices since 45 per cent of the country's steel goes into the sector..."

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