News: Iron ore leaps past US$60 per tonne

  1. The price of iron ore jumped another 2% overnight to US$61.18 per tonne out of the port of Qingdao in China.

    This follows the 3.5% rally on Friday.

    The major miners will be the ones to watch today including Fortescue Metals (ASX:FMG), BHP Billiton (ASX:BHP) and Rio Tinto (ASX:RIO).

    Even with the recent rally in iron ore, the commodity is still only a third of its value compared to 2011 - when it topped US$191 per tonne.

     

 
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