| The iron ore market has had a good first quarter. True, the spot price has retreated from the frothy heights of early March, when it rocketed by over 20 percent in the space of just two days to $63.60 per ton. That speculative frenzy, fueled by massive trading activity on China's Dalian Exchange, has abated.
But at a current $54.70 per ton, iron ore is on course to close the first three months of 2016 with price gains of around 27 percent. Compare and contrast with copper, another industrial commodity plagued by the same demons of slowing demand growth and oversupply, which is currently showing year-to-date gains of just six percent...............................................Full Article: Source
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