Iron ore price hits 6 months high on hopes of eased covid-19 restrictions in China


Source: mining.com mining.com

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[World’s top battery maker urges China to secure lithium] The iron ore price surged on Thursday, buoyed by growing hopes of improved demand in China after reports of a possible easing of covid-19 curbs in the world’s top steel producer. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $153.33 a tonne during morning trading, up 5.8% compared to Wednesday’s closing. The most-traded May iron ore contract on China’s Dalian Commodity Exchange ended daytime trading 6.8% higher at 797.50 yuan ($126.27) a tonne, after soaring as much as 9.7% to its highest since...