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.
- Forums
- International Markets
- News: Iron ore leaps past US$60 per tonne
News: Iron ore leaps past US$60 per tonne
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online