Just the beginning....$58.18 a tonne.
http://www.*.com.au/stimulus-speculation-sends-iron-ore-soaring-2015-9
As suggested by Chinese futures that closed up a mammoth 4% on Wednesday, the iron ore rally has accelerated again.
According to Metal Bulletin, the spot price for benchmark 62% ore jumped by 76 cents, or 1.32%, to $58.18 a tonne.
It was the largest percentage increase since August 28, and left the price at the highest level since July 1.
From its all time record low of $44.59 struck on July 8, the spot price has now added a nifty 30.5%.
Forceful Stimulus: 2009 Instant Replay, page-2
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