Some iron ore mines in east China are expected to cut output due to raw material shortages.
The average imported ore price index rose last week. Therefore, local iron ore prices will have upward room.
More popular news:
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

![Harga Magnesium Naik Tiga Sesi Berturut-turut! Sisi Biaya Tetap "Membara" Sementara Sisi Permintaan Kesulitan Mengambil Alih [Komentar SMM]](https://imgqn.smm.cn/usercenter/EutUV20251217171724.jpeg)
![[ Kanada Akan Berlakukan Tarif Balasan 50% atas Baja AS ]](https://imgqn.smm.cn/usercenter/QMaot20251217171719.jpg)
