Economics
Iron Ore Sinks Below $50 as Worldwide Glut Swells, China Slows
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Iron ore slumped below $50 a metric ton on prospects for a widening global glut as the largest producers boost supply and Chinese demand growth weakens. Rio Tinto Group, BHP Billiton Ltd. and Vale SA fell.
Ore with 62 percent content at Qingdao, China, retreated