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Attrition Mill Iron Ore

Attrition Mill Iron Ore

The iron ore spot price has fallen 35 per cent this year not because of a collapse in Chinese demand but because of increased output by the big three — BHP Rio and Vale. Growth in Chinese demand for iron ore is slowing — from 9 per cent last year to 5 per cent this year — and the profitability of Chinas steel mills has collapsed.
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