Mining.com – Iron ore price extends rally as market focus shifts to output reports

Iron ore prices in Asia pushed higher on Monday as strong global steel demand buoyed sentiment, and as Chinese steel mills continued to ramp up output despite the government’s scrutiny of their compliance with stricter anti-pollution rules. “Booming steel production continues to support the iron ore market,” analysts at ANZ told Reuters. The metal price hit a 10-year high last […]

FT Opinion – Commodities Note: Iron ore comes of age

Article from the Financial Times https://www.ft.com/content/302df889-4d6c-48cb-a385-c31961dd489c by Julien Hall and Fiona Boal Once in a generation a new graduate joins that elite circle of globally recognised and traded commodities. Now widely viewed as the second most important commodity behind oil, the evolution of iron ore has mirrored the transformation of China. One of the least volatile commodities in […]