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More than 6,000 tons of taconite can be crushed in one hour. The crushed material is transferred by ... process of separating the iron from the non-iron material. The magnetic iron ore is then laundered in two slurry surge tanks while the non-magnetics (silica/sand) go to the ... About 16 pounds of Bentonite are added to every ton of iron ore ...
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Iron Ore Spot Price (Any Origin) is at a current level of 73.41, up from 68.44 last month and up from 61.66 one year ago. This is a change of 7.26% from last month and 19.06% from one year ago.
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long-term price contracting buffered iron ore and steel margins from falling global prices; however, low-cost steel imports increased competition in the steel industry and reduced demand for domestic iron ore. U.S. iron ore production increased by 6% to 56.1 million metric tons (Mt) of usable ore in 2014 from 52.8 Mt in 2013.
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