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    iron investing

    Iron Ore Price Gains 4%

    Investing News Network
    Jun. 04, 2013 10:34AM PST
    Base Metals Investing

    The iron ore price surged more than 4 percent on Tuesday, extending gains made on Monday due to better than expected economic news out of China, and a realization that too much destocking has occurred in that country, reported Mining.com.

    The iron ore price surged more than 4 percent on Tuesday, extending gains made on Monday due to better than expected economic news out of China, and a realization that too much destocking has occurred in that country, reported Mining.com.

    As quoted in the market news:

    The benchmark import price of 62% iron ore fines at China’s Tianjin port gained 4.2% or $4.70 to trade at just under $116.60 a tonne on Tuesday.

    Click here for the full Mining.com article

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