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07.04.202607:17:08UTC+00Iron Ore Rises as Chinese Trading Resumes

Iron ore futures rebounded above CNY 800 per ton, snapping a recent downturn as trading resumed in China after the extended holiday break. The market move came as investors continued to weigh uncertainties surrounding the conflict in the Middle East. Attention remains centered on President Donald Trump’s deadline for Iran to agree to a deal or face strikes on civilian infrastructure, with the risk of a drawn-out confrontation heightening fears of supply disruptions and a broader global economic slowdown. Sentiment was also supported by demand optimism following Beijing’s calls to accelerate energy-related construction projects. President Xi Jinping outlined plans to build a new energy system to bolster national energy security, including the development of a major hydropower dam on the eastern edge of the Tibetan Plateau.

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