Iron Ore Rally to Fade on Over­sup­ply

The Economic Times - - Commodities Plus -

The global iron ore mar­ket faces in­creas­ingly se­vere over­sup­ply, ac­cord­ing to Cit­i­group, which said the com­mod­ity’s gains will prob­a­bly be re­versed in the sec­ond half. Gains in pro­duc­tion will hurt iron ore, the bank said in a quar­terly com­modi­ties re­port on Mon­day.

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