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01 Dec

Iron ore gains, Rio flattens 2023 shipments

Seaborne iron ore prices jumped on the first day of December. The Fed's interest rate hike is expected to slow down, supporting the short-term rebound of the iron ore market. The Kallanish KORE 62% Fe index gained $3.05/tonne on Thursday to $102.75/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $3.08/t higher at $114.56/dmt cfr, and the KORE 58% Fe index increased $2.6/t to $88.83/dmt cfr. Two cargos of 80,000t …
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