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Iron ore hits 1-month high as China stock rally lifts sentiment
Iron ore prices rose for a second straight session on Thursday, reaching a one-month high as a sharp rally in Chinese equities and improving steel margins boosted investor sentiment. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) gained 1.55% to 689.5 yuan ($103.33) a metric ton by 0217 GMT. It earlier touched its strongest level since October 8 at 692 yuan. The benchmark December iron ore on the Singapore Exchange was 0.87% higher at $92.65 a ton, as of 0207 GMT, after earlier hitting its highest since October 1 at $92.9. A sharp rebound in Chinese stocks on Wedn...
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