| The iron ore price has jumped to a six-month high, seemingly defying gravity amid fresh analyst calls for the commodity to drop back below the $US50 level. Iron ore rose 1.3 per cent to $US63.10 a tonne in the most recent session, according to The Steel Index, from $US62.30 the previous day.
The commodity is at its highest point since April 29, when it settled at $US65.20. Despite taking a breather late last week, iron ore has been rallying recently, falling only once in the last 15 sessions............................................Full Article: Source
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