Cliffs Natural Resources (CLF +6.8%) surges as iron ore prices jump. Iron ore for immediate...

|About: Cliffs Natural Resources Inc. (CLF)|By:, SA News Editor

Cliffs Natural Resources (CLF +6.8%) surges as iron ore prices jump. Iron ore for immediate delivery in China rose 6% to $110.40/ton, the biggest gain in a month, according to data from The Steel Index Ltd. Chinese steel mills are down to about two weeks of iron ore on hand at the mills, Seth Walters writes in presenting a case for rising iron ore prices through year's end.