Seaborne iron ore prices surged again on Wednesday to reach a three-month high. Further supply disruptions in Brazil helped to push prices higher.
The Kallanish KORE 62% Fe index jumped $3.65/t to $131.17/dry metric tonne cfr Qingdao, the highest since 11 October 2021. The Kallanish KORE 65% Fe index gained $4.33/t to $158.72/dmt cfr, and the KORE 58% Fe index increased $2.28/t to $100.32/dmt cfr, topping $100/t for the first time since early October 2021.
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