Iron ore prices are looking more positive, up 8.8 per cent to...

  1. 13,783 Posts.
    Iron ore prices are looking more positive, up 8.8 per cent to $US70.46 a tonne,
    with stronger demand from Chinese steel mills helping the big miners.

    Oil has lost $1.00 to $US43.18 a barrel for May light crude in New York.

    an improving US economy +Consumer  help..china recover  

    US economic news
    Jobless claims have hit an unexpected 42 and a half year low, suggesting a strengthening labor market. Claims were down 6000 to 247,000, the lowest reading since 1973.
 
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