Zihao Yu

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Iron ore prices increased on Monday January 18, supported by a news of a record-high GDP in China for 2020 and supply concerns after a fire at Vale’s Ponta da Madeira terminal in northern Brazil.
Prices for seaborne iron ore concentrate and pellets continued to strengthen last week on strong demand for high-grade materials amid production curbs to cut emissions and tight supply of the latter product.
China’s iron ore imports increased by 9.5% in 2020 in comparison with 2019, Chinese customs data shows.
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