Iron ore price rises

The iron ore price rose on Friday, fighting against the current market malaise.

The price jumped more than 4 per cent, to US$55.50 a tonne at Chinese port Tianjin.

It marks a recovery for the metal, after falling last Monday, and a movement to trading at more than 25 per cent higher than its record low in early July.

Much of this rise is built in prospective forecasts following China’s US$160 billion infrastructure bond plans. 

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.