Iron ore is enjoying a rally built largely on two factors that have yet to happen. These two factors are a renewed construction boom in China and possible supply disruptions in Australia, the largest exporter.
Iron ore spot price for delivery to northern China ended at $137.60 a tonne on Wednesday, up 58 percent from an 18-month low of $87 in mid-November, as assessed by commodity price reporting agency Argus.
Comments
No comment yet.