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Economy Matters
6 mins to read

Commodities are the canaries in the economic coal mine

ANALYSIS: Economic forecasters, policymakers need to watch commodities like a hawk.

Iron ore prices have plummeted more than 50% since July. Prices are now about $US100 a tonne, well below the record high of around $US230 a tonne recorded only four months ago. This fall in iron ore prices is perhaps one of the most dramatic since the global financial crisis, caused in part by

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John McDermott Tue, 28 Sep 2021
Contact the Writer: john.mcdermott@motu.org.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Commodities are the canaries in the economic coal mine
Economy Matters,Columns,
89070
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