Iron ore prices rise amid concerns over supply disruptions in Australia
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Golden Ten Data reported on March 26 that on Thursday, due to the impact of tropical cyclone Narelle, ports in the Pilbara region of Australia were closed, raising concerns in the market about disruptions to Australian iron ore supply, and iron ore futures prices strengthened. The April benchmark iron ore contract on a certain exchange rose by 2.15% to $107.45 per ton. The Pilbara Port Authority stated on Thursday that due to the impact of tropical cyclone Narelle, the ports of Ashburton, Preston Western Point, Dampier, and Varanus Island have been closed.
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