West African Iron Ore Rising

Metal Investment News reported iron ore prices in future swaps are rising as investors anticipate Chinese steel mills need to replenish stocks.

As quoted in the press release:

The markets are pricing in a China restocking boom. Morgan Stanley estimates Chinese infrastructure spending for 2012 to be around $1 trillion.  By 2017 it will be $1.8 trillion – an 80% increase.

Click here to read the full Metal Investment News press release.