Iron ore resumes rally after Chinese New Year on demand optimism

Jan. 30, 2023 10:49 AM ETIron Ore Futures (SCO:COM), TIOC:COMBHP, FSUMF, VALE, RIO, AAUKF, GLCNF, GLNCY, NGLOYBy: Carl Surran, SA News Editor5 Comments

Iron Ore reclaimer machine and stockpile

Dazman/E+ via Getty Images

Dalian iron ore futures extended gains Monday following the week-long Lunar New year holiday in China, on optimism around demand prospects for the world's top steel producer.

According to Reuters, the most-traded May iron ore

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