| There’s just no stopping iron ore. Benchmark prices are on their way to doubling as concern eases about a slowdown in China, and steps by exchanges in the world’s top buyer to curb spikes in other commodities including coal and steel lure funds into the raw material.
Ore with 62 percent content delivered to Qingdao rallied to $74.12 a dry metric ton on Thursday, the highest level since November 2014, after gaining 94 percent from December’s low, according to Metal Bulletin Ltd. In Asia, SGX AsiaClear futures are up 98 percent since their closing low the same month, while the contract on the Dalian exchange has now more than doubled.........................................Full Article: Source
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