Iron-ore climbs to five-week high after Vale flags upside risks

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Iron-ore rallied to the highest level in more than five weeks, extending its rebound on hopes for stronger Chinese demand. Futures in Singapore advanced as much as 1.9% to $121.95 a ton, before trading at $121.90 by 4:09 p.m. local time, building on a gain of over 6% last week.

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