The rise in spot prices has made several banks forecast that the annually negotiated benchmark prices for next year will be higher than expected earlier.rnIn the end of July, spot ore prices in China rose to USD 98 per tonne, up from April's low of USD 58 per tonne.rnThe latest percentage change in GDP year-on-year; Japan -8.8%, Euro area -4.9%, USA -2.5%, China +7.9%, S.Korea -4.2%, India +5.8%, Brazil -1.8%, and Russia -9.5%.
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