Mississauga, ON -- (SBWIRE) -- 06/07/2013 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Labrador Iron Mines Ships First Shipment of Ore to Chile.”
Companies mentioned in this article include Labrador Iron Mines Holdings Limited (TSX:LIM).
Falling commodity prices have sustained pressures on resource stocks in 2013. The pressures have stemmed from global factors, including slow manufacturing in the United States, the ongoing recession in Europe and data from China showing deceleration in economic growth. Industrial metals, like iron and copper, are particularly sensitive to growth in China as a leading importer of metals.
Metal investors have felt the pain in companies big and small, including those longs holding Labrador Iron Mines Holdings Limited (TSX:LIM), a mineral resource company exploring and mining iron ore projects in Canada. Shares of the Toronto-based miner are down about 83 percent in the last 52 weeks from around $3.00 to current levels in the area of 50 cents.
The full version of this article can be found at:
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