Business
Iron ore price leaps to highest since 2011 – MINING.COM – MINING.com
Iron ore prices surged again Friday amid trading spikes Chinese steelmakers have called “unreasonable” and “abnormal.”
Iron ore is now trading at the highest level since October 2011 and is up 78% in 2020.
On the Dalian Commodities Exchange, futures prices hit a new all-time high on Friday, shooting up more than 6% to 1,076 yuan. The contract was launched in 2013.
China forges more steel than the rest of the world combined and is set to break records with iron ore imports primarily from Australia and Brazil increasing to above one billion tonnes this year.
Below is a list, in chronological order, of key milestones…
-
Noosa News23 hours agoTerrifying break-in at childcare centre on Sunshine Coast ends with death of man
-
Noosa News20 hours agoADF to introduce billion-dollar drone dome over Brisbane 2032
-
Noosa News24 hours agoMan dead after breaking into childcare centre
-
Business21 hours agoInvested in IAG shares? Here are the key dates for FY26