"Watching this market is like watching the Titanic," writes a commodity broker of iron ore, off...
"Watching this market is like watching the Titanic," writes a commodity broker of iron ore, off another 7% today to just $90/ton. The plunge will put to the test to the theory (also hopefully put forth in today's Joy Global earnings release) that Chinese ore production will come to a halt below $120/ton. Since when has oversupply/low prices caused the Chinese to cut back?
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Video at CNBC.com (Nov 19, 2015)
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at CNBC.com (Dec 29, 2014)
at CNBC.com (Dec 15, 2014)
at CNBC.com (Dec 2, 2014)
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