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Canada's mining sector braces for another challenging year

from Canadian Manufacturing

Canada's mining sector is bracing for another challenging year in 2015 as slower growth in China is expected to continue to dampen selling prices for many metals. Iron ore suffered the biggest drop in the past year, losing nearly half its value to reach the lowest price in more than five years. Some expect the price could fall further — perhaps to $60 per tonne — on increased supply from Australia and Brazil by giants like Rio Tinto Group and BHP Billiton, outpaces demand. more

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