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Iron Ore Gets Second Weekly Boost on Hopes of Supply-Side Reform

Summary by Bloomberg
Iron ore headed toward the highest close since May as China’s renewed focus on supply-side reform lifted expectations for the country’s steel market.

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The iron and steel producer CAP reported that it decided to maintain the suspension phase 5 of its subsidiary Pacific Mining Company (CMP), which will have impacts on production and its financial results. The company constituted an Independent Geomechanical Commission, composed of specialists from all disciplines of geosciences, which has aimed to commission studies and validate information to safeguard the stability of the mine and the value of…

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Bias Distribution

  • 67% of the sources lean Right
67% Right
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YUAN TALKS broke the news in on Friday, July 4, 2025.
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