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Iron ore: To dig or not to dig? Add to ...

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Judging by investor reactions to the miners’ production reports last week you would think that no one is losing much sleep over the end of the commodities boom. Yet if Australia’s forecasters are correct, the iron ore price could fall to $90 (U.S.) a tonne within the next five years, from about $125 a tonne today. So, as investors reward miners for recent boosts to production, are they at risk of encouraging short-termism?

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