China's iron ore futures rise.

 
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China's iron ore futures rose on Tuesday after Vale SA, the world's largest iron ore miner, lowered its production outlook for the steelmaking raw material. The most-traded iron ore contract on the Dalian Commodity Exchange, expiring next month, closed up 1.7 percent at 651.50 yuan ($92.56) a tonne. It rose as much as 2.2 percent during the session. On the Singapore Exchange, the front-month January contract erased early gains and was down 0.4 percent. Vale said on Monday it would slash output from its Brucutu mine in Brazil...

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