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Iron ore is this year's hottest commodity on China-fuelled surge

Futures in Singapore have surged almost 70% this year, hitting their highest since trading started in 2013, as China's stimulus-led rebound fuels steel output and consumption

Topics
Iron Ore | Iron ore demand

Bloomberg 



Photo: Bloomberg
At the heart of the rally is China’s position as the only major economy to see a sustained and robust rebound from a pandemic-driven slump this year, with investment in infrastructure a key pillar of growth | Photo: Bloomberg

A surge in demand in China, the world’s key growth engine, risks a shortage of that’s pushed prices past $150 a ton and crowned it this year’s best-performing major commodity.

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First Published: Fri, December 11 2020. 00:56 IST

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