Iron Ore-Spot Eyeing Further Gains on Fewer Cargoes

Reuters Africa reported iron ore may stretch its winning streak to a third week, supported by Chinese buying interest and tight supply.

As quoted in the market news:

The steelmaking raw material has gained nearly 18 percent in the past 10 trading days as steel mills in China, the world’s biggest iron ore buyer, replenished inventories after prices fell more than 30 percent in October.

Click here to read the full Reuters Africa report.