Iron ore prices hold

Large institutional investors believe that iron ore prices are unlikely to drop, even if the world enters a  double-dip recession.

The London Metals Index is down just over 20% this year, but iron ore has fallen less than one percent.

In part, this is because the market in iron ore derivatives is relatively young (just over a year old).

http://www.ft.com/cms/s/0/acf87fe6-f350-11e0-b11b-00144feab49a.html

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