Iron ore made it for gains on the trot on Wednesday, its longest winning streak since mid-April.
According to Metal Bulletin, the spot price for benchmark 62% fines rose by 0.04% to $52.56 a tonne, extending its gain from Thursday last week to 9.1%.
The gain, the smallest in the current sequence, followed news that Chinese iron ore imports rose by over 3% in May, taking the total amount of ore imported by the nation over the past 12 months to nearly a billion tonnes.
Chinese markets will be closed on Thursday and Friday for the Dragon Boat Festival holiday, including the Dalian Commodities Exchange.
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