Iron Ore Prices Rally on Strong China Demand, But Further Gains Could be Capped

Iron ore prices have rallied to a 5-month high on improving sentiment and fundamentals in China.
China's iron ore imports have been robust, rebuilding low port inventories.
Property sector showing signs of improvement, with increased bank lending.
But China may limit steel output growth this year to avoid exceeding 2021 levels.
Beijing could crack down if prices rise too much, capping further gains.

reuters.com

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