Iron Prices Rise on Global Weather Disruptions

IBTimes reported iron ore prices could rise as severe weather has disrupted production in Australia.

As quoted in the market news:

Data from price reporting agency Platts showed Australian iron ore, containing 62 percent iron content, has jumped to a seven-week high of $143.50 a tonne due to the disruption, and is up 22.5 per cent from a low in October.

Click here to read the full IBTimes report.