Iron Ore-Spot at 1-Month High as China Boosts Restocking
Investing News Network - November 17th, 2011
Reuters reported iron ore rose to one-month highs as it stretched its winning streak to a 13th straight day.
Reuters reported iron ore rose to one-month highs as it stretched its winning streak to a 13th straight day.
As quoted in the market news:
China’s central bank said on Wednesday that it will fine-tune its monetary policy if needed, underscoring analysts’view that Beijing is switching its focus to support a slowing economy and raising hopes of increased demand from the world’s biggest commodity importer.