Reuters reported benchmark iron ore with 62 percent iron content rose 5.5 percent to $100.20 a tonne on Tuesday.

As quoted in the market news:

…the first time in three weeks that it came back up to the $100 level, based on data from information provider Steel Index.

Iron ore prices have risen by over $13, or 15.2 percent, from Friday to Tuesday — reclaiming more than half of what they lost in all of August — after China announced the project approvals on Friday.

Click here to read the full Reuters report.