From Awesome in April to Gutted in May, Iron Ore Sinks Back Down

  • Turning point came when regulators, exchanges acted, Dang says
  • Ore futures in Dalian post their biggest ever loss this month

For iron ore, if April was a party then May’s been the aftermath. Benchmark prices are headed for the biggest monthly loss since August 2012 as a rally driven by a speculative frenzy in China segued straight into a back-to-reality slump when the fervor faded.

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