| The iron ore price has inched higher as the commodity continues to defy warnings that the effect of Chinese stimulus spending so far this year may not last. Iron ore added 0.3 per cent to $US61 a tonne in the most recent session, according to The Steel Index, from $US60.80 the previous day.
The commodity’s strength over the course of 2016 is surprising many analysts, raising hopes that the market may have bottomed after prices dropped below $US40 a tonne in December 2015...............................................Full Article: Source
|