CAPITAL MARKETS

China optimism fuels iron ore interest

IRON ore producers had a good day as iron ore futures extended gains into a fourth straight session, rising to almost US$130/t on optimism about China’s troubled property sector, with Fortescue Metals Group, BHP and Rio all helping lift the market, and minnow Akora Resources up 20% on release of a scooping study.

China optimism fuels iron ore interest

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