Iron Ore Climbs 2 Percent

Iron ore prices rose 2 percent on Tuesday, thus extending a 6-percent rally that began last Thursday, MINING.com reported.

As quoted in the market news:

The benchmark import price of 62% iron ore fines at China’s Tianjin port gained 2.3% or $2.70 to trade at $117.70 a tonne on Tuesday according to data supplied by The Steelindex.

It was the highest price since May 28 and represent a 6.6% gain from the 2013 low of $110.4 hit at the end of that month.

Click here for the full news report by MINING.com