Iron Ore Surges Past $107 on Restocking and Post-Parade Restart

Iron ore climbed for a sixth day and headed for its highest close in more than six months on expectations that Chinese demand will gather momentum.

Futures for the steelmaking ingredient briefly surpassed $107 a ton, the highest intraday level since late February when prices surged following shutdowns at major Australia mines, before giving up some gains. The commodity is on track to post its longest run of gains since January.