Chinese iron ore mines halt operations on weak prices-assn

DALIAN, CHINA, Sept 27: Some 40 percent of iron ore mines in China have already suspended operations as a slump in prices have forced them into losses, the Metallurgical Mines Association of China said on Thursday.

Iron ore prices are expected to hover between $90-$110 in the next two years, Liu Xiaoliang, executive deputy secretary general of the association told an industry conference in Dalian. (agencies)

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