Business
Iron ore hits $US200 for first time as Chinese demand soars – Sydney Morning Herald
Iron ore and steel climbed to records as Chinese investors unleashed fresh demand following a three-day holiday.
Iron ore and steel climbed to records as Chinese investors unleashed fresh demand following a three-day holiday.
Benchmark spot iron ore prices topped $US200 ($257) a tonne for the first time ever, while futures in Singapore and China climbed. Steel demand is surging as economies chart a path back to growth just as the worlds biggest miners have been hampered by operational issues, tightening ore supply.
The price of iron ore has hit $US200 for the first time.
Credit:Ian Waldie
The boom comes as…
-
General23 hours agoVideo allegedly showing man trying to catch freshwater crocodile prompts investigation
-
General23 hours agoBrotherly bond key to Birdsville Races epic journey
-
General18 hours agoGiorgio Armani farewelled by large crowds of mourners in Milan
-
Noosa News12 hours agoState matters update | Noosa Today