CAP SA Falls as IM Trust Says Iron Prices to Drop 20% Lower

Bloomberg reported that Chile’s largest iron ore miner, Cap SA, fell after IM Trust SA said the average prices for iron this year may be 20% lower than its March estimate.

As quoted in the market new:

Shares dropped 0.6 percent to 17,390 pesos at 3:31 p.m. in Santiago trading. The stock slid 1.4 percent last week, the biggest decline since Dec. 7. Cap reached a four-month closing high of 17,885 pesos on Jan. 10.

Click here to read the full Bloomberg report.