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Iron ore rebounds from Friday's losses as China's steel mills restock

Nov. 29, 2021 9:27 AM ETVale S.A. (VALE) Stock, RIO Stock, BHP StockBy: Carl Surran, SA News Editor7 Comments

Reclaimer working on an iron ore site under blue sky

CUHRIG/E+ via Getty Images

  • Vale (NYSE:VALE) +1.9%, BHP +1.7% and Rio Tinto (NYSE:RIO) +0.9% pre-market after iron ore futures in Singapore jumped nearly 10% on optimism over restocking by China's steel mills.
  • Commodity prices also rebounded across the board

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