Iron ore price rally justified as China’s imports surge
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Update time : 2023-01-28 17:56:30
The price of spot iron ore has been one of the major beneficiaries of expectations of strong demand as China re-opens its economy after abandoning its strict zero-COVID policy. While other commodities, such as crude oil and copper, have also enjoyed recent gains on the back of the China recovery narrative, iron ore’s rally seems grounded in actual gains in demand.
