According to Metal Bulletin, the spot price for benchmark 62% iron ore fines jumped another 3.1% to $108.62 a tonne, leaving it at the highest level since late April 2014.
The benchmark has now surged 70% from November 26 last year.Even larger gains were seen across lower and higher grades on Monday.
The price for 58% fines soared 4% to $90.46 a tonne, extending its rally from late November last year to a jaw-dropping 128%. It now sits at levels not seen since early May 2014.Metal Bulletin
58% price seems incorrect??
Iron ore price, page-12868
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