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VALE - Iron ore price plunges 12% on the week for biggest drop in 16 months
VALE S.A. American Depositary Shares Each Representing one
China's iron ore futures fall for the seventh straight day to wrap up their biggest weekly drop since March 2018, with the most-traded iron ore contract on the Dalian Commodity Exchange dropping as much as 5.4% to 628 yuan/metric ton ($89.11) and closing -3.8% on 639 yuan/mt.
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