Daily iron ore price update (hope? nope!)

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The iron ore price complex had a better start to the week with spot and futures up across the board as traders prepare for the upcoming Chinese New Year:

ore1 ore2 ore3 ore4

A new hope in the West:

A billionaire family from New Zealand has signed a State Agreement with the WA Government that will pave the way for a $5 billion iron ore project in the Pilbara.

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