Iron ore futures in Asia climbed on Monday, supported by a steady decline in portside stockpiles of the steelmaking ingredient in China, the world's top steel producer, Reuters reports.
The most-traded September iron ore on China's Dalian Commodity Exchange gained by 3.2 percent to 1,209.50 yuan (US$187.13) a ton, its strongest since June 21.
The most-active July iron ore on the Singapore Exchange advanced by 1.1 percent at US$213.85 a tonne, its highest since June 15.
Imported iron ore stocked at Chinese ports dropped for a fourth straight week to 123.95 million tons, as of Friday, hitting the lowest since early October, data from SteelHome consultancy showed
China’s December aluminium production grows 4.2%, leading to 2024 output to 1 million tonnes shy of the production cap
