Iron Ore Tops $100 on Position Unwinds and China Buying Hopes

Iron ore broke above $100 a ton for the first time in seven weeks as traders unwound bets that favored coking coal, adding to support from expectations for pre-holiday restocking...

By Katharine Gemmell · Bloomberg Markets

Iron ore broke above $100 a ton for the first time in seven weeks as traders unwound bets that favored coking coal, adding to support from expectations for pre-holiday restocking in China and high freight costs.