Last updated on December 11, 2020
Strong demand from steel plants and growing concerns over tightening supplies amid a worsening relationship between China and Australia have helped send the price of iron ore to a seven-year high.
China's most actively traded iron ore futures contract, for May delivery, on the Dalian Commodity Exchange surged 5 per cent in the night session on Thursday to hit 996.5 yuan per tonne, approaching the 1,000 yuan mark. The contract soared 6.7 . . .
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