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Market Vectors Steel ETF (SLX)

- NYSEARCA
  • Dec. 19, 2011, 8:35 AM
    Anglo American (AAUKY.PK) is considering selling its 70% stake in the Amapa iron ore ops in northern Brazil, which is worth at least $1B, Reuters reports. Minority partner U.S. miner Cliffs Natural Resources (CLF) could be interested.
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SLX Description
The Steel ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Steel Index. The Index provides exposure to publicly traded companies primarily involved in a variety of activities that are related to steel production, including the operation of manufacturing mills, fabrication of steel products, or the extraction and reduction of iron ore. As such, the Fund is subject to the risks of investing in this sector.
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