Iron ore prices have flourished again despite a downward dive following Beijing’s promise to curb the mineral’s unabated market growth.
Spot prices launched to an unprecedented, all-time high of US$230 per tonne earlier in May, followed by a sharp decline by 20 percent to US$183 two weeks later. However, values once again surpassed US$200 at the beginning of June and currently sit close to US$208.
