Mining News

Iron-ore’s brutal collapse under $100 flags more trouble ahead

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Iron-ore sank below $100/t as China’s moves to clean up its heavy-polluting industrial sector spurred a swift and brutal collapse.

Prices have more than halved since peaking in May as the world’s biggest steelmaker intensifies production curbs to meet a target for lower volumes this year, and a sharp downturn in China’s property sector hurts demand.

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