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Canada’s Iron Ore Exports at Three-Month High in November

Iron Ore

Canadian iron ore exports (excluding shipments to the US) climbed to a three-month high of 3.9 Mt in November, up 1.7 Mt year-on-year, according to the Tex Report. This was largely due to strong annual growth in shipments to Europe, which rose by 0.9 Mt to 1.7 Mt. Iron ore exports to all destinations in January-November rose by 5.0 Mt to 37.2 Mt.