CM – Iron ore price rises due to supply shortages in China – MINING.COM


Some border towns in China’s Inner Mongolia Region and Heilongjiang Province have suspended rail imports of raw materials such as coal, iron ore, copper ore and zinc without containers to reduce risks in the face of the recent resurgence of Covid-19 infections.

According to Fastmarkets MB, the 62% Fe fines imported into northern China switched hands as a benchmark at $ 104.49 per ton, up 1.9% from Tuesday’s closing.

The Benchmark iron ore futures on the Dalian Stock Exchange for January rose 1.6% to 624 yuan per ton at the end.

The World Health Organization warned that the decision on the severity of the new Omicron variant “days to several “Could take weeks” if there is no information that their symptoms are different from other variants.


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