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Crashcomingsoonon Aug 28, 2021 11:03am
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Iron Ore prices falling
Iron Ore prices fallingAugust 23 – Wall Street Journal (Rhiannon Hoyle): “One of this year’s hottest commodities is flaming out. The price of iron ore has fallen roughly 40% since mid-July on concerns about demand from China, which makes more than half of the world’s steel. The downturn has dealt a blow to producing countries, notably Australia and Brazil, that are battling to protect fragile economic recoveries from outbreaks of the highly contagious Delta variant of the coronavirus.”