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COMMODITIES MARKET PREVIEW-7

Iron ore price falling to US$142 a tonne

The spot price for iron ore is US$142 a tonne, ahead of the Australian market open.

As iron ore exports account for anywhere between 20-40% of Australia’s total exports, the price of iron ore is a key indicator for the trading day on the Australian stock market.

In other commodities, copper is trading at US$4.76 per pound, nickel is US$28,132 per tonne, and lithium is CNY¥497,500 per tonne.

Gold is trading at US$1,944.42 per ounce.

WTI crude oil is selling for US$114.37 per barrel while Brent oil is higher at US$121.15 per barrel.

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