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Re: None

Friday, 04/13/2012 6:18:30 AM

Friday, April 13, 2012 6:18:30 AM

Post# of 1761
"Iron ore prices rose above $150 a tonne for the first time in six months on Wednesday amid improving sentiment in China’s large steel sector.

The commodity, a key raw material for steelmaking, has risen 8.8 per cent since the start of the year. It has continued to rally through March, even as other industrial commodities such as copper and aluminium have sold off, and on Wednesday benchmark Australian iron ore with 62 per cent iron content rose to $151.25, the highest since mid-October, according to pricing agency Platts."

www.ft.com/cms/s/0/cc7c043a-83f8-11e1-9d54-00144feab49a.html#axzz1rubn4jy2

This is good for TARM as they should soon be producing iron ore.

Regards FH_Trader