Wake Up Call: Iron roar as prices hit record

Thu, 29 Apr 2021

Summary Iron ore prices are reaching levels never seen before, delivering a boost to the Australian economy and injecting markets there with optimism. US president Joe Biden is expected to announce a major overhaul in social benefits, with a massive funding injection to provide free pre-school and community college. Record ore prices Iron ore prices are hitting record prices on the back of strong Chinese demand, where infrastructure development is fuelling high demand for the steel-making raw ingredient. Prices are a boon for Aus...

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