CAPITAL MARKETS

Iron ore hits new six-year high

IRON ore and copper hit new highs on Friday, while US stocks fell further after Thursday’s plunge.

 Iron ore stockpiles at Rio Tinto's Cape Lambert port

Iron ore stockpiles at Rio Tinto's Cape Lambert port

The MySteel 62% Australian iron ore fines price rose another 2% to US$130.50 per tonne, the highest price seen since early 2014. The LME cash copper price jumped 2.4% to $6729.50/t, its highest level...

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