Pursuits
Iron Ore Kicks Off 2015 With Rally on China Stimulus Speculation
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Iron ore plummeted last year as surging global supplies topped demand. It opened 2015 by posting the biggest weekly gain in 18 months amid speculation that China will take more steps to spur growth in the world’s largest user.
Ore with 62 percent content delivered to Qingdao, China, was unchanged today at $71.26 a dry metric ton, following gains in the previous five trading sessions, according to data from Metal Bulletin Ltd. That took this week’s advance to 5.8 percent, the most since the period to July 5, 2013.