Spot prices for ore delivered to China jumped 11 percent to
$76.50
a metric ton in the week ended June 5, according to
Metal Bulletin prices, the highest since Feb. 20.
That’s the biggest weekly gain in 20 months.
China’s iron ore imports jumped 33 percent to 57 million
metric ton in April from a year ago, according to customs data.
A surge in lending and investment and rising retail sales have
spurred confidence that Premier Wen Jiabao’s 4 trillion yuan
($585 billion) stimulus package is reviving growth
in the world’s third-biggest economy.
http://www.bloomberg.com/apps/news?pid=20601081&sid=ac.kuhew…
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Vale Reaches Iron Ore Price Deal With Posco, Nippon Steel
Prices for iron ore fines will decline 28.2% from the 2008
reference price,
with lump iron ore prices sliding 44.47%, Vale said.
Iron pellet prices, much prized for their efficient use in
blast
furnaces, will decrease 48.3% from the 2008 contract price.
http://www.tradingmarkets.com/.site/news/Stock%20News/236844…
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India's iron ore rises to $60/T FOB, three-month high
http://in.reuters.com/article/domesticNews/idINBOM4380322009…
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