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Iron ore hits 1-month high as China stock rally lifts sentiment

Iron ore prices rose for a second straight session on Thursday, reaching a one-month high as a sharp rally in Chinese equities and improving steel margins boosted investor sentiment. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) gained 1.55% to 689.5 yuan ($103.33) a metric ton by 0217 GMT. It earlier touched its strongest level since October 8 at 692 yuan. The…

First reported by Business Recorder 1 source
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Image: Business Recorder
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  1. Business Recorder

    Iron ore hits 1-month high as China stock rally lifts sentiment (opens Business Recorder in a new tab)

    Iron ore prices rose for a second straight session on Thursday, reaching a one-month high as a sharp rally in Chinese equities and improving steel margins boosted investor sentiment. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE)…

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