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Reuters reported spot iron ore prices rose on Friday, but are still hovering around six month lows on decreased demand from China.
Reuters reported spot iron ore prices rose on Friday, but are still hovering around six month lows on decreased demand from China.
As quoted in the market news:
Benchmark iron ore with 62 percent iron content inched up by 40 cents to $130.30 a tonne on Thursday, data from the Steel Index showed. Prices have fallen around 13 percent since mid-April, and hit $129.9 a tonne on Wednesday, their lowest level since November 2011.
