Iron ore leaps 7.3pc to more than $US176 a tonne
Timothy Moore
Iron ore has extended its stunning year of price gains with a new surge.
The spot price leapt $US12.06 or 7.3 per cent, to $US176.45 a tonne on Monday, according to Fastmarkets MB.
Iron ore resets ever higher. Bloomberg
Dalian iron ore futures jumped nearly 10 per cent on Monday too. Iron ore on the Singapore Exchange climbed 8.7 per cent to record $US176.20 a tonne.
Fastmarkets attributed the spike to continuing strong demand for steel and news of a Friday landslide at a Vale mine in Brazil, which resulted in the death of one person.
The company said the slide took place not far from the town of Brumadinho where a tailings dam disaster took place in 2019, killing 270 people.
According to Vale, the person who died was employed by a third-party company and was operating a bulldozer when a landslide at the Córrego do Feijão mine in Minas Gerais state struck him.
The slide highlights continuing concerns about supply as investors already are positioning for seasonal, weather-related risks.
Iron ore on China's Dalian Commodity Exchange ended daytime trading up 9.7 per cent at 1144.50 yuan ($US174.76) a tonne on Monday, after earlier hitting a contract high of 1147 yuan.
Iron ore price, page-26435
-
- There are more pages in this discussion • 26,393 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.91 |
Change
0.340(1.58%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $69.63M | 3.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12546 | $23.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.82 | 184623 | 13 |
View Market Depth
| Last trade - 15.59pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |