Iron Ore-Spot at 1-Month High as China Boosts Restocking

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.

Click here to read the full Reuters report.