Iron ore price rebounds amid talk of easing curbs in Tangshan
Chinese rebar and hot-rolled coil futures also jumped after the market recorded heavy losses over the past few weeks following the government's vow to stabilise commodity prices.
INTERACTIVE: Nuclear electricity output set to grow at fastest clip in over 20 years increasing annual uranium supply needs by more than 100 million pounds.
In what is being seen as a direct challenge to Beijing's authority, thousands of Chinese coal miners have taken to the streets to protest against unpaid wages.
In a sign of further influence in global financial markets, a major Chinese bank has been allowed into an elite club of bankers that sets the global price of silver.