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COMMODITIES MARKET PREVIEW-3 (1)

Iron ore price falling to US$150 a tonne

The spot price for iron ore is US$150 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$4.72 per pound, nickel is US$33,867 per tonne, and lithium is CNY¥496,500 per tonne.

Gold is trading at US$1,947.78 per ounce.

WTI crude oil is selling for US$98.26 per barrel while Brent oil is higher at US$102.78 per barrel.

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