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Could US-China Trade War Fears Dictate Iron Ore Prices?

Could US-China Trade War Fears Dictate Iron Ore Prices?

Continuing their volatile streak, iron ore prices are now falling after rising in April. Iron ore reached $63.90 per ton on May 28, registering its seventh drop in eight sessions. While prices were supported in April and early May by China’s announcement of a cut in bank reserve requirements, rising inventory concerns eventually pushed them downward.