Iron ore prices hit eight-month high on Chinese reflation efforts

According to the Financial Times, the Australian mining group Fortescue has moved into expansion mode on the back of robust iron-ore prices that are now at an eight-month high. The reason for the rebound is the reflation efforts of the Chinese government after China experienced a relatively hard landing in property and shares, prompting China to give up on its plan to rebalance the economy.
The FT reports: that "the cost of the commodity used in steelmaking has risen almost 60 per cent since ea...


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