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Iron ore rise cements Singapore's global status

All major mining companies and a dozen major iron ore trading companies are located in the Republic, as well as trading arms of Chinese steelmakers.

The emergence of iron ore into broader recognition has been rapid by commodity market standards. The commodity now has two liquid futures markets on the Singapore Exchange and Dalian Commodity Exchange.

IRON ore is now widely viewed as the second most important global commodity behind oil. Its evolution has mirrored the transformation of China's infrastructure. Singapore has quickly stepped up to become the world's leading hub for the global iron ore trading community.

The emergence of...

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