Iron ore prices have hit multi-year highs as demand soars on infrastructure investment

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Government stimulus for infrastructure building in China has sent iron ore prices to multi-year highs this week, boosted by strong demand from the world's second largest economy even amid a global pandemic.

Spot iron ore prices rose to around $130 a dry metric ton on Tuesday, according to commodity price reporting agency Argus. This is the highest level since 2014.

"Continued concerns over Brazil's iron ore supply, as coronavirus cases and deaths continue to plague the country's mining regions, have boosted iron ore prices along with strong Chinese demand as steel production has started to heat up with the country's V-shaped recovery," Fitch Solutions said in an Aug. 14 report.

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not in America. trump puts our tax payer money into the fucking stock market.

The bridges have needed refurbishing or replacing for decades!

Chinese preparing for war?

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