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Iron ore feels China squeeze as prices plummet – NEWS.com.au

Iron ore feels China squeeze as prices plummet

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Chinas bullying tactic is finally catching up with Australias iron ore industry, sending the commoditys price plummeting on Friday. Iron ore prices are down by about 30 per cent since their record high of $US237 ($A317) a tonne in May, now at a mere $US167…

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