Iron ore price rises on firmer steel outlook, but trade tensions cap gains
Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.
Rumors of a lengthy shutdown of Iron Ore of Canada have evaporated as the company announced it would limit its closure of its Labrador City operations to five weeks.
Author: Dorothy Kosich
Posted: Monday , 18 May 2009
RENO, NV –
Miners in Labrador City, Newfound and Labrador, got some welcome news as the Iron Ore Company of Canada said it will limit its shut down of mining operations to five weeks….more at MineWeb
