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Gold/Mining/Energy : Cleveland-Cliffs

CLF 13.75

-0.9%

9:30 AM EST

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From: Fuzzy	1/21/2016 8:56:55 AM
	of 14

Iron ore companies lost significant value To be sure, 2015 was nothing short of a nightmare for commodities (DBC), including for iron ore. Iron ore stocks such as Rio Tinto (RIO), BHP Billiton (BHP) (BBL), Vale SA (VALE), and Cliffs Natural Resources (CLF) fell to multiyear lows last year. The graph above shows the iron ore companies’ 2015 price movements. Cliffs Natural Resources (CLF) had the steepest fall of all at 78%. Vale SA (VALE) fell by 59%, and BHP Billiton (BHP) (BBL) and Rio Tinto (RIO) lost 35% and 23% of their value, respectively. CLF forms 3.6% of the SPDR S&P Metals and Mining ETF (XME).

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