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Iron ore's last hurrah (perhaps)
Iron ore, the steel-making commodity which underpins the profits of the world's top two mining companies, BHP and Rio Tinto, is staging a price revival despite concern that the longer-term outlook is cloudy.
Russia's war in Ukraine, is one reason for the recovery which has seen the price of high-grade ore rise by 11% over the past week to trade at US$143 a tonne, possibly on its way back to $163/t forecast...
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