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Bulk Buys: China wants 32,000km more high-speed rail and 160 new airports by 2035 – Stockhead

Iron ore fines prices traded this week at $US174.50 per tonne, steady on a week ago Hard coking coal prices were $US2.70 lower on-week at $US116.50 per tonne at…

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  • Iron ore fines prices traded this week at $US174.50 per tonne, steady on a week ago
  • Hard coking coal prices were $US2.70 lower on-week at $US116.50 per tonne at Queensland ports
  • Chinas steel reinforcing bar price is $US10 higher this week at $US730 per tonne

China’s plans for more high-speed rail corridors to connect its major cities is the latest spur to the country’s demand for iron ore as pressure has eased on profit margins for Chinese steel mills.
Prices for 62 per cent…

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