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Iron ore outstrips gold as year’s best-performing major commodity

Latest data suggest China could produce a record 1bn-plus tonnes of steel this year

Iron ore has outpaced gold to rank as the best-performing major commodity this year, as a rebounding China sucks in vast amounts of the key steelmaking ingredient from mines in Australia and Brazil. The price of the rust-coloured raw material has risen almost 21 per cent in 2020, just ahead of gold, which is up…

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