| Iron ore is set to outpace other commodities in the first three months of 2016, finishing a volatile quarter up almost 25 per cent. The rally in iron ore prices, reflecting strengthening Chinese steel prices and increased production ahead of the country’s key construction season, has come amid a rollercoaster ride for commodities in the first quarter.
The rebound will be good news for large producers including BHP Billiton, Rio Tinto and Brazil’s Vale, whose profitability relies on the iron ore price...............................................Full Article: Source
|