Iron ore keeps climbing

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The New Year has started off with a bang with iron ore hitting a 14 month high, closing at $154 per ton.

[caption id="attachment_71803" align="alignright" width="300" caption="A Cliffs iron ore operation"] Copyright © 2011 Cliffs Natural Resources Inc [/caption]

There are seasonal factors at work and overdone conditions on de-stocking in China which took prices as low as they went ($86/ton).

Miners remain in vogue, despite the fact copper isn't trading with much ferocity and coking coal hasn't moved in line with iron ore.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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