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    iron investing

    MMX Rises 8% on Increase in Iron Ore

    Investing News Network
    Feb. 24, 2012 02:33PM PST
    Base Metals Investing

    Bloomberg reported MMX Mineracao & Metalicos SA (SAO:MMXM3) reached an eight month high has iron ore prices increased.

    Bloomberg reported MMX Mineracao & Metalicos SA (SAO:MMXM3) reached an eight month high has iron ore prices increased.

    As quoted in the market news:

    MMX, based in Rio de Janeiro, gained 4.1 percent to 9.39 reais in Sao Paulo today, the highest since May 31. The stock has climbed about 41 percent this year, the biggest increase in the Brazilian benchmark Bovespa index.

    Click here to read the full Bloomberg report.

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