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India Proposes National Iron Ore Exchange To Address Price Anomalies

A worker cuts iron rods outside a workshop at an iron and steel market in an industrial area in New Delhi

India is considering the establishment of a national iron ore exchange to address price discrepancies within the industry, as revealed in a recent document. The proposed exchange aims to streamline the iron ore market and ensure fair pricing mechanisms.

Iron ore is a crucial commodity for India's economy, with the country being one of the world's largest producers and consumers of the mineral. However, price anomalies and fluctuations have been a persistent issue in the industry, impacting both producers and consumers.

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