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Actionable news in CLF: CLIFFS NATURAL RESOURCES Inc,

One Reason Cliffs Natural Resources (CLF) Stock is Sliding Today

NEW YORK (TheStreet) -- Shares of Cliffs Natural Resources (CLF - Get Report) are dropping by 2.01% to $3.90 on Thursday, as fellow miner Rio Tinto (RIO) said the rebound in iron ore prices from a historic low is not sustainable, Bloomberg reports.

Since December, the commodity has rallied 55% amid indications of greater demand from China as lawmakers signaled that they would support boosting economic growth.

Prices could decline in the second half of the year as new supply from mines counters improving demand from China, which is the world's top consumer, Rio Tinto CEO Sam Walsh told reporters at the company's annual shareholder...


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