Iron Ore Makes Comeback as Prices Near Highs Seen in April Boom

Updated on
  • Rally comes after boom-bust episode during April, May
  • A number of events driving up steel sentiment, CRU’s Bai says

Iron ore is making a comeback. Futures in China have reached their highest since the peaks hit during the speculative frenzy in April that drew global attention, and benchmark spot prices are on course for the fourth weekly gain in five.

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