38 days ago • Posted by William Ramstein

Iron ore prices soared 10% past their $200 per tonne peak

Prices of industrial commodities continue to reach multi-year highs as economic recovery is set to boost demand for metals used in construction and manufacturing in a wake of already limited supply. Iron ore prices surged more than 10% past $200 per tonne as China entered peak construction season while copper keeps hitting new record highs getting a boost from reopening economies and a shift towards green energy.

Source: Trading Economics