Benchmark Iron Ore Rose 5.5 Percent to $100.20 A Tonne2

Wednesday September 12, 2012, 1:23pm PDT

Reuters reported benchmark iron ore with 62 percent iron content rose 5.5 percent to $100.20 a tonne on Tuesday.

As quoted in the market news:

…the first time in three weeks that it came back up to the $100 level, based on data from information provider Steel Index.

Iron ore prices have risen by over $13, or 15.2 percent, from Friday to Tuesday — reclaiming more than half of what they lost in all of August — after China announced the project approvals on Friday.

http://ironinvestingnews.com/4324-benchmark-iron-ore-rose-5-5-percent-to-100-20-a-tonne.html

China announced the project approvals on Friday.

Click here to read the full Reuters report