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Iron ore price index hit decade-high amid lower-than-expected output by global miners in Q1, robust demand in China

Benchmark iron ore price index hit a new high in a decade as global miners reported lower-than-expected iron ore output in the first quarter of 2021 after hit by operational challenges and weather disruptions and China's iron ore demand picks up amid economic recovery.

Benchmark Platts 62% Fe IODEX hit $187.75 per tonne on Tuesday, the highest level since February 2011. In history, the index only jumped above $185 mark twice . . .

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