Mining News

Iron-ore sees solid first week of 2022 on China demand hopes

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Iron-ore was poised to book solid gains for the week, despite a mixed morning session in Shanghai on Friday, as traders returned from New Year holidays feeling optimistic about demand prospects in top steel producer China. The steelmaking ingredient’s most-active May contract on China’s Dalian Commodity Exchange ended the morning trade up 0.4% at 711.50 yuan ($111.56) a tonne, after touching 725.50 yuan earlier in the session, its highest since Oct. 27.

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