IRON-ORE
High-grade iron-ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum to a trend that’s reshaped the global market in recent years and driven buyers in Asia’s top economy to seek out better-quality material. After sinking in March, top-quality ore with 65% iron content gained every month, hitting $91/t on Friday, and keeping it in positive territory this year even as global trade frictions mounted, according to Mysteel.com. In contrast, benchmark 62% ore has flat-lined in the $60s, and is down 14%. The divergence has exploded the gap between the two.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access