Some strength appearing in China spot iron ore prices with prices up at 116.90 and above the last few months (even if the last day was down 0.5). The futures are progressively lower than spot so there is still limited confidence in the outlook. I'll however take $117 prices over $104 prices any day as higher iron ore prices are likely to lead to more Manganese demand in iron/steel making.
The Dawn of EV, page-1693
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