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Iron ore prices falling as China’s restrictions on steel production continue to bite and economic growth slows

Summary:
[unable to retrieve full-text content]Anglo-Australian miner BHP has signalled that the heydays of extraordinary iron ore prices could be near their end amid China’s slowing steel production and its latest coronavirus outbreak.On Tuesday, the miner posted strong financial-year earnings on the back of high iron ore and copper prices just as iron ore prices dipped to near US0 a tonne after striking a record high price of US0 a tonne in May.“Medium-term, China’s demand for iron ore is expected to be lower than it is today, as…

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[unable to retrieve full-text content]
Anglo-Australian miner BHP has signalled that the heydays of extraordinary iron ore prices could be near their end amid China’s slowing steel production and its latest coronavirus outbreak.On Tuesday, the miner posted strong financial-year earnings on the back of high iron ore and copper prices just as iron ore prices dipped to near US$160 a tonne after striking a record high price of US$230 a tonne in May.“Medium-term, China’s demand for iron ore is expected to be lower than it is today, as…

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