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Jitters as China hit by metals fatigue
1points
AUSTRALIA'S best shield from global economic turmoil - the high value of its commodity exports - is under threat with news that China has told suppliers to slow iron ore shipments and predictions that iron ore and coal prices could fall by 20%.
Source: http://business.smh.com.au/business/jitters-as-china-hit-by-…
Comments
This makes the WA Chamber of Commerce and Industry prediction that exports to China will prevent WA feeling the global recession look even siller!
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