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Iron ore surges on robust China demand, Brazil supply concerns

Jun 01, 2020 - Nasdaq

B y Enrico Dela Cruz MANILA, June 1 (Reuters) - China's iron ore futures rose more than 6% on Monday, as strong domestic demand for the steelmaking raw material and concerns over supply from key exporter Brazil lifted spot prices to their highest in 10 months. The Dalian Commodity Exchange's most-traded iron ore for September delivery DCIOcv1 climbed as much as 6.4% to 775.50 yuan ($108.92) a tonne, the contract's highest since China launched its iron ore futures trading in 2013. Dalian iron ...