Mining
Iron ore hits four-week high up on lower shipments, softer dollar
Rates of iron ore futures reached a fourweek high on Thursday, supported by reduced shipments from a major manufacturer and growing expectations of even more rate cuts by the Federal Reserve following coolerthanexpected U.S. inflation data. The most-traded May iron ore agreement on China's Dalian Commodity Exchange (DCE) ended daytime trade 1.92%. higher at 797 yuan ($ 108.71) a metric heap, its highest given that. Dec. 18, 2024. The benchmark February iron ore on the Singapore. Exchange climbed 1.87% to $102.45 a lot by 0722 GMT, the highest. because Dec. 19. Leading iron ore supplier Rio Tinto. reported its lowest...