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How Prices in China Affect Labrador Mining Economy

Mining companies in Labrador and Quebec keep a close eye on the economy of China. Rapid growth there means a booming steel industry, Which increases the demand for Iron ore. Prices hit a all time high in recent years, but lately they’ve been falling. Jean-Thomas Bernard is a professor of economics at the University of Ottawa . He told Labrador Morning’s Mike Power what the fall could mean for mining operations in Labrador and Quebec.

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