| 30.05.2016 - There are signs of life in the iron ore price |
| After falling below the $50 a tonne level for the first time since February 29 on Thursday, iron ore prices rebounded solidly on Friday, boosted by renewed strength in Chinese futures markets. According to Metal Bulletin, the spot price for benchmark 62% fines rose by 3.38%, or $1.67, to $51.15 a tonne. It was the largest percentage gain recorded since April 29, and left the year to date gain at 17.4%...............................................Full Article: Source |