Iron ore price shows continued resilience to rebound back beyond $US100 per tonne

[Pelican Press 0]

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Iron ore price shows continued resilience to rebound back beyond $US100 per tonne

The price of WA’s cardinal commodity keeps bouncing back and once has again crossed the $US100 per tonne benchmark to defy predictions of imminent *****.

The benchmark iron ore spot price used by WA Treasury climbed to $US100.25/t, surpassing $US100/t for the first time in almost two weeks, despite reports identifying further weakness in ******** new home sales and steel production this month.

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