| A number of iron ore miners have seen their share prices rise, despite the spot iron ore price sinking 2.5% overnight to US$51.20 a tonne. So far this year though, the commodity has defied expectations, rising 18% and appearing to have established a holding pattern above US$50 a tonne.
However, according to Capital Economics Ltd, the rising commodity price has probably been driven by restocking by Chinese steel mills and some weather-related disruptions to Australian shipments...............................................Full Article: Source
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