Iron Ore hurtles back above $50 a Tonne

The iron ore price leapt back above the $50 a tonne level on Friday, recording the largest one day percentage gains seen in months.


According to Metal Bulletin, the spot price for benchmark 62% fines rose by 3.94%, or $1.90, to $50.08 a tonne.

It was the largest percentage increase seen since April 29 this year, and left the year to date gain at 15%.

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Source: Business Insider

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