Large iron ore producers have had strong rallies in stock markets on the commodity's bullishness.
In the U.S. market, Cliffs Natural Resources (NYSE:CLF), was up even more than 19% in intraday trade on Monday after rising 6.3% on Friday.
Fortescue Metals Group Ltd (AU: FMG) in Australia was up 24% on the day.
Big multinationals that mine iron ore as well as other metals, Rio Tinto (NYSE:RIO) and BHP Billiton (NYSE:BHP), were up 5.0% and 7.1% respectively on Friday and then were up another 2.0% to 3.0% early Monday.
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