Author: Lalita
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China: Iron ore spot prices inch up on firm demand
The spot price of iron ore benchmark Fe 62% fines moved up by $2.90/t to $183.4/t CFR China on 2 Aug’21 due to firm demand. The spot market turned active after Beijing urged for stability in commodity prices. President Xi Jinping, in the recently held Politburo meeting, emphasised on implementing coordinated carbon reduction measures across…