Iron Ore Exceeds China PMI Rally

Reuters reported that iron ore has benefited greatly from China’s renewed growth and has started strong this year.

As quoted in the market news:

Asian spot iron ore .IO62-CNI=SI gained 3.4 percent in the first two trading days of 2013, taking it to $149.80 a tonne, a rally of 73 percent since the low of $86.70 in September last year.

Click here to read the full Reuters report.