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Lunch Report: Slump in iron ore drags ASX 200 lower

The Australian sharemarket is falling by close to 1% at midday due mainly to heavy declines from major mining stocks. The iron ore price has now more than halved from the mid-May record high.

The Australian sharemarket is falling by close to 1% at midday due mainly to heavy declines from major mining stocks. The iron ore price has now more than halved from the mid-May record high.

https://youtube.com/watch?v=2D0djugze-M

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