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Iron ore prices surge above $100 per ton due to improved U.S.-China relations and Chinese economic measures.
Iron ore prices have fluctuated, recently surging above $100 per ton due to easing U.S.-China trade tensions and Chinese monetary easing, boosting investor sentiment.
However, prices are expected to stabilize between $80-$100 per ton over the next 12-18 months, according to Moody's, due to high supply from new mines and weak demand from China's slowing steel production and real estate downturn.
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Los precios del mineral de hierro suben por encima de los 100 dólares por tonelada debido a la mejora de las relaciones entre Estados Unidos y China y las medidas económicas chinas.