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Date Closing Price Open Daily High Daily Low 06/12/2020 5,785.65 5,785.70 5,785.25 06/11/2020

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Iron ore mining supply has tripled since 2002, while copper mining supply has risen by only 37.5% over the same period. While iron ore mining supply did fall by 2.9% in 2015, it is coming off very high levels, and 2015 production was still the second highest on record (Figure 4). The market for iron ore is still vastly oversupplied.

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