Iron Ore May Struggle to Reclaim $50 on China, Rising Output

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  • Downturn in China's steel consumption will weigh on prices
  • Low-cost mine supplies from Australia, Brazil set to expand

Iron ore ’s tumble back below $50 a metric ton may last for some time as the twin factors that put it there, rising low-cost production from the majors and signs of faltering demand in China, will probably persist.

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