Iron Ore Advances as CMRG May Block Some Fortescue Deliveries

Iron ore futures briefly exceeded $100 a ton after China's state-owned iron ore buyer signaled plans to restrict some Fortescue Ltd. inventories at mainland ports. The buyer, identified as China Minerals Resources Group Co., indicated it would limit acceptance of certain Fortescue shipments. Fortescue is one of the world's largest iron ore exporters.

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