RSS SubscribeIron ore price flirts with key $100/t level on firm demand, China stimulus hopes
From Mining.com
Prices of iron ore futures clawed up towards the psychological level of $100 a metric ton on Monday, underpinned by firm near-term demand and revived hopes of further economic stimulus from top consumer China.
The benchmark December iron ore on the Singapore Exchange was up 2.78% at $99.4 a ton, as of 0700 GMT, after touching the intraday high at $100.3 a ton earlier the session. It fell by more than 5% last week.
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