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Iron Ore Price Soars as China-Australia Trade Uncertainties Linger

Iron Ore Price Soars as China-Australia Trade Uncertainties Linger CHINA STRINGER NETWORK 6 Subscribe Sputnik International As inflation rises, market demand for steel will edge down. China s iron ore prices have hit record highs, driven by a surge in steel demand as well as speculation on fluctuations in the Chinese-Australian iron ore trade, industry experts told the Global Times. They also warned of a possible price plunge with market liquidity tightening and rising inflation levels. On Monday, the most active iron ore contract for September 2021 delivery gained 10 percent to close at a record high of 1,326 yuan ($206.2) per ton, according to data released by the Dalian Commodity Exchange. The contracts for February 2022 and March 2022 rose by 9.98 and 9.96 percent respectively.

China Urges Australian Politicians to Shake Off the Cold War Mentality

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