Iron Ore Is at the Risk of Losing All of 2016’s Advance: Chart

The pedal is off the metal. After posting the biggest monthly loss in about five years in May, iron ore with 62 percent content fell on Thursday, putting the raw material less than $5 above 2015’s close, according to price data compiled by Metal Bulletin Ltd. “Demand remains weak and supply is still increasing,” said Shenhua Futures Co. analyst Wu Zhili. “There’s a good chance prices will end the year lower.”

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