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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
2 mins to read

Editor’s Insight: Iron ore follows oil in next commodity plunge

Tue, 21 Oct 2014

Iron ore is following oil as the next commodity with plummeting prices due to a market glut.

While oil’s decline has been arrested in recent days after dropping some 20% since September, iron ore prices are likely to stay depressed over the next couple of years.

The global Brent benchmark rose

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Editor’s Insight: Iron ore follows oil in next commodity plunge
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