Iron Ore Dubbed ‘Least Favorite’ by Clarksons as Miners SinkBy
Prices may drop back below $50 a metric ton, Sussman predicts
Exports are beginning to pick up after weak July performance
Iron ore faces renewed pressure and prices may sink back below $50 a metric ton before year-end as rising supply offsets an improvement in Chinese demand, according to Clarksons Platou Securities Inc., which dubbed the raw material its least favorite commodity.
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