Iron Leaps Above $60 as China Data, Steel's Rally Boost OutlookBy
Benchmark has climbed 39% this year after three annual losses
The rebound isn't expected to last, Capital Economics says
Iron ore keeps on delighting the bulls. The raw material that was battered for the past three years has vaulted back above $60 a metric ton after data from China added to signs that Asia’s top economy may be on the mend and local mills’ expanding margins spurred increased demand.
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