Miners and Commodities Staging a Comeback

Globe and Mail reported on the recent upswing of diversified miners and commodities like iron ore noting the increased prices are dependent on growth in China.

As quoted in the market news:

On the price front, many commodities are still much weaker than they were as recently as August, 2011. Take iron ore. Last August it was worth about $180 (U.S.) per tonne. Today it’s about $135 per tonne. Yet there is some hope. Copper, for instance, is back up to $3.86 per pound, a very strong valuation relative to its historical prices.

Click here to read the full Globe and Mail report.