Daily iron ore price update (up and away)

by Chris Becker

Friday saw a broad lift in spot prices and futures across the iron ore complex, taking into account Rio Tinto’s force majeure following a fire at its Cape Lambert export terminal and speculation that there maybe a resolution to the trade war between China and the US soon.

Here are the prices and updated charts:




Spot prices are forming a multi month ascending triangle with $80 the price to beat in the coming weeks.

 

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