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Iron ore price tops $200 amid further deterioration of China-Australia relations

May 6, 2021

Source: https://www.mining.com/iron-ore-price-tops-200-as-china-australia-relations-break-down-further/

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Worker repair mechanical parts in the production workshop in Tangshan city, Hebei Province, China (Stock Image)

Iron ore prices jumped to a fresh high on Thursday after China “indefinitely” suspended all activity under a China-Australia Strategic Economic Dialogue, in the latest setback to the strained relations between Beijing and Canberra.

Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) hit a new high on Thursday, changing hands for $201.88 a tonne, up 4.85% from the previous day, according to Fastmarkets MB. The high-grade Brazilian index (65% Fe fines) also advanced to a record high of $234.70 a tonne.

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Worker repair mechanical parts in the production workshop in Tangshan city, Hebei Province, China (Stock Image)

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