Business
Iron ore prices are going ballistic – MINING.COM – MINING.com
Iron ore surges 6% to March 2013 high on Friday as Brazil supply worries, a red hot China economy, and a Beijing-Canberra row convulse seaborne trade.
That was the highest level for the steelmaking raw material since March 2013 and brings gains for 2020 to over 57%.
Prices for 65% fines imported from Brazil are also in high demand, jumping to $157.00 per tonne on Friday, with both grades up more than 20% just over the last month.
Source: Fastmarkets MB
The frenzy for ore was also evident on domestic futures markets after the contract hit a record high of 974 yuan ($149 a tonne), forcing China’s Dalian Commodity Exchange to issue a warning to…
-
Noosa News23 hours agoSerious traffic crash, Noosa – Sunshine Coast
-
Noosa News23 hours ago$20 million program to help women return to work
-
General18 hours agoAustralia’s Diamonds defeat South Africa’s Proteas 65-42 in third netball Test
-
General19 hours agoThousands join pro-Palestinian rallies in towns and cities across Australia amid ceasefire