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Metals: Iron ore is heading for a weekly loss

20/12/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Iron ore futures prices were in a tight range on Friday but are expected to see a weekly loss.

Les prix à terme du minerai de fer étaient dans une fourchette étroite vendredi, mais devraient connaître une perte hebdomadaire . The January reference price of iron ore on the Singapore Stock Exchange lost 0.5% to 101.3 dollars per ton at 04:52 GMT. The continued decline in liquid metal production, which is typically used to assess demand for iron ore, is putting the prices of the key ingredient in steelmaking under pressure, analysts said.

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