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China's spot iron ore prices hit the highest level in more than six years underpinned by Beijing’s infrastructure push to support the coronavirus-hit economy.
According to data from Xiben New Line E-commerce, prices of Australia iron ore at north China's Qingdao port was 910 yuan per tonnes as of August 14, and the prices of Brazilian iron ore at Rizhao port was 973 yuan per tonne. Both prices were the highest since February 2014, having rising 7 per cent and 6 per cent in August, respectively.
Iron ore futures . . .
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