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RIO - China iron ore plunges as supply surges demand dwindles
Rio Tinto Plc
The iron ore boom is turning into a bust, as most-active futures in Singapore, which retreated 10% last week, plunged as much as 7% overnight to $95.96/metric ton, while the most-traded contract on the Dalian Exchange fell as much as 4% to 704.5 yuan/mt ($101.53).
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