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25 Jan
16:49

Iron ore firm as futures rebound

Seaborne iron ore prices held steady on Tuesday despite sharp fluctuations in futures prices. The Covid-19 Omicron variant spread has led to miners being hit by new labour restrictions which could impact output in the coming weeks, sending futures prices rebounding. The Kallanish KORE 62% Fe index slipped $0.06/t to $136.35/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index inched $0.14/t higher to $164.17/dmt cfr, and the KORE 58% Fe index dropped $0.7…
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