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Iron ore snaps losing streak

AFTER seven consecutive losses, the iron ore spot price posted a modest gain overnight.

Kristie Batten

Metal Bulletin 62% fines rose 0.6% or US36c to $57.97 per tonne, while 58% fines gained 0.9% or 43c to $48.76/t. “Iron ore prices were supported by the surprising increase in China’s monetary data...

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