Commodity markets suffered a violent sell-off as mounting anxiety about slower economic growth sent oil and metal prices tumbling and iron ore plunged on weaker steel demand. The Australian currency fell to a 10-month low.The iron ore price plunged nearly 15 per cent to $US130.2 a tonne and is down 45 per cent from the record high of $US237.57 it reached just three months ago. This continues to weigh on the Australian dollar, which fell 1.2 per cent to US71.5¢ as the risk of the currency falling below US70¢ grew.lithium is not immune in global slow down imo
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