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1.Market Observations, 8.Was Sticky

17 Nov 2016 (TheAge) – Iron ore prices on a rollercoaster ride as analysts wait for fundamental clues

(17 November 2016, The Age, BusinessDay, p25, Jessica Sier)

‘Iron ore has plunged, running out of steam after its surge to multi-year highs last week following Donald Trump’s shock presidential election victory.  Australia’s largest export slid 6.5 per cent overnight to $US72.68 a tonne, after a surge of nearly 24 per cent in November alone. Tuesday’s retreat hit mining stocks, with the Bloomberg World Iron/Steel Index falling for the first time in nine sessions.’



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