SINGAPORE: Iron ore has become the punch bag of the commodities world. The raw material is down 20% in September, putting it on course for the first back-to-back quarterly loss since 2015, and there’s rising concern that the final three months of the year may bring further declines.
“We anticipate the price of iron ore to remain under pressure in the coming quarter,” Geordie Wilkes, a London-based analyst at Sucden Financial Ltd, said in an email.
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