China’s iron ore futures on Tuesday hit their highest level since the index was launched in 2013, as upbeat demand prospects in the world’s biggest producer and consumer of steel added fuel to the raw material’s red-hot rally this year.

The most-traded September iron ore contract on the Dalian Commodity Exchange surged as much as 4.6% to 924.5 yuan ($134.48) a tonne, before ending 2.4% firmer at 905 yuan.

https://www.mining.com/web/china-iron-ore-surges-to-record-high-on-rosy-demand-outlook/