| 10.11.2016 - Iron ore and base metals surge on Donald Trump's win |
| Iron ore has surged to a 12-month high of $US70 a tonne as a result of Donald Trump's victory in the presidential election, as copper, nickel and zinc also enjoyed big gains. The Chinese spot price of iron ore, Australia's most important export commodity, rose 3.9 per cent to $US70.98 ($92.71) a tonne. Iron ore has now risen 85 per cent since touching a low of $US38.30 in December last year.............................................Full Article: Source |