CISA recently called on regulators in China to investigate a spike in prices on the Dalian Commodity Exchange, saying there were signs speculators had piled in.
Chinese media reported that China's top economic planner had granted approval to power plants to import coal without clearance restrictions, except for Australia.
Flourishing demand in China and the United States, higher freight costs and tight scrap supplies are expected to fuel further rises in prices of the metal.
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