Base Metals

Iron Prices Rise on Global Weather Disruptions

Base Metals

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

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.

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