The price of iron ore jumped 20% on Monday as China’s latest plans to bolster economic growth boosted the raw commodity to its largest one-day percentage gain on record, as measured by commodities data firm Platts.
China’s National People’s Congress over the weekend set the country’s 2016 growth target for gross domestic product at a “manageable and realistic range” of 6.5% to 7%, and aims to sustain that range through 2020, said Joseph Innace, Platts content director, Metals Americas.
The news “fueled strong confidence for a steel industry recovery,” he said. Iron ore is used to make steel.
Nenhum comentário:
Postar um comentário