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Iron ore drops again as traders weigh impact of Brazil port closure

Asian iron ore futures retreated on Monday as traders weighed the impact of the closure of a key Brazilian port by top miner Vale Sa that raised supply risks and lifted prices in the previous session. The modest losses on Monday show investors remain cautious, waiting to see how long the Port of Tubarão, shut by a Brazilian federal court on Thursday on pollution concerns, will stay closed. Lee el resto de esta entrada