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China Summons Iron Ore Consultancies after 20% Price Surge: Daily

CHINA PRESS
MNI (Singapore)

China’s market watchdogs recently summoned iron ore industry consultancies and warned them to ensure accuracy and not to fabricate and distribute false information on price gains, the Economic Information Daily reported citing the National Development and Reform Commission. As of Feb. 8, the most-active iron ore futures in China surged over 20% this year, indicating “irregular fluctuations” that may be due to speculation, the newspaper said citing the commission.

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