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Australian iron ore miners should steel themselves for falling demand

Australian miners are reeling from downgrades by a major broker and bearish outlooks for steel and iron ore. The raw materials sector, which accounts for around 16% of the market capitalisation of the ASX 200, was taking about 9 points ...

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Chinese traders tip iron ore to hit USD 70 per tonne

Chinese traders are tipping iron ore will continue its dramatic crash to hit USD 70 per tonne by the end of the year, as the spot price hit a fresh five year low overnight. But the private traders say local ...

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