Iron ore price jumps to new 2016 high
The rally in the price of iron ore continued on Thursday with the Northern China benchmark import price advancing to a four-and-a-half month high.
The steelmaking raw material exchanged hands for $51.70 a tonne on Thursday according to data supplied by The Steel Index. Iron ore is now up 20.5% since the start of the year, surprising many in the industry who have consistently been calling it lower..
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