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The great iron ore squeeze

It has been a long time coming but the 20-year iron ore boom, driven by China’s voracious appetite for steel, is finally fading with BHP, Rio Tinto and other miners of the material feeling a sudden chill in their share prices.

BHP had a torrid time last week as its shares fell by 5.5% to trade at A$37.48 on its home exchange in Australia and £20.52 in London.

Rio Tinto was down by 6.

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