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Commodities Buzz: Iron Ore Soars On Hopes Chinese Property Sector Will Get Boost

18 Jul 2022 , 01:32 PM

Iron ore futures jumped today with the Singapore benchmark price briefly crossing $100 mark, as top steel producer China swung into action to boost its property sector. The China Banking and Insurance Regulatory Commission on Sunday urged banks to extend loans to qualified real estate projects and meet developers financing needs as needed. Powered by Commodity Insights

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