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Iron Ore Tops $100 on Position Unwinds and China Buying Hopes
Source: Bloomberg
Commodities & Raw MaterialsEnergy Markets & PricesTrade Policy & Supply Chain
Iron ore rose above $100 per ton for the first time in seven weeks, supported by traders unwinding coking-coal-favored positions. Expectations for pre-holiday restocking in China and elevated freight costs added upward pressure, providing a positive near-term signal for iron ore producers and bulk commodity markets.
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