Iron-ore jumps on supply concerns, shrugs off China price watch

Iron-ore futures rose on Wednesday, with the Dalian benchmark contract gaining up to 5.4% after a three-day slump, as worries over supply boosted prices of the steelmaking raw material. The most-traded September iron-ore on China's Dalian Commodity Exchange ended daytime trading 4% higher at 1 175 yuan ($183.78) a tonne, after earlier advancing to 1 191.50 yuan.

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