Spot Iron Ore Prices Climb Higher

Reuters reported spot iron ore prices climbed to their highest in almost two months on Tuesday as demand in China resumed.

As quoted in the market news:

Miners are gradually increasing offers of iron ore cargoes in the spot market as more and more Chinese buyers return after last week’s public holiday, although traders say some buyers could soon recoil if prices rise too fast.

Click here to read the full Reuters report.