Subscribe to RSS feedSurge in price of iron ore
by
Jim Wilson
—
last modified
Jan 15, 2010 09:45 AM
THE CASH price of iron ore delivered to China, the world’s biggest buyer, jumped to at least a 13-month high amid rising demand from steelmakers.
The cost of 62% iron-content ore delivered to Tianjin port increased 4.3%, the ninth day of gain last Friday, to US$130.10 per tonne. The spot price has posted six-weekly gains, rising 31%.
Steelmakers in China, the biggest maker of the...
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