Iron-Ore Prices Just Hit A 5-Year High; This Hedge Fund Sees “A Bubble Ready To Burst” As China’s Housing Bubble CracksMichelle Jones
For the first time in five years, iron-ore prices surpassed $100 a ton on Friday, and Carlson Capital Portfolio Manager Richard Maraviglia believes it's a "bubble ready to burst." Friday's high was largely driven by expectations for increased steel production in China and concerns that there will be another dam collapse in Brazil at a Vale mine, according to MarketWatch.
Iron-ore prices surpass $100
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