Iron Puts on Best Performance in Six Weeks

Reuters reported that hopes that iron ore demand from China will rise after February’s Lunar new year brought prices of the metal up to two-week highs.

As quoted in the market news:

Benchmark iron ore with 62 percent iron content .IO62-CNI=SI gained 0.4 percent to $118.40 a tonne on Thursday, according to Steel Index, the highest since Nov. 23.

Rising for a third straight day, iron ore is up more than 2 percent for the week, its best performance in six weeks.

Click here to read the full Reuters report.

Get the Latest Iron Investing Stock Information

Get the latest information about companies associated with Iron Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Investing Opportunity: Using LME Prices and Base Metals NewsGet our expert guide to base metals investing FREE! Download this FREE Special Report, Investing Opportunity: Using LME Prices and Base Metals News.
Comments

Leave a Reply