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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.
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| Commodities | |||
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