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Iron ore prices to extend recovery: Economist

Iron ore prices have surged 50 percent this year, prompting speculation that the market may be poised for a fall. Jason Schenker disagrees.

Schenker, president of Prestige Economics, reckons prices will be supported by a broad slowdown in investment at commodity companies and a pick-up in Chinese manufacturing activity.

"For almost a year and a half, Chinese manufacturing has been in recession. That's been huge for iron ore and I think we are going to see that begin to...


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