Australians can cash in on the China-driven iron ore boom without even having to buy the commodity used to make steel. Iron ore prices on Tuesday surged to a record high of $US193 a metric tonne, data from S&P Global Platts showed. Investors can cash in on the iron ore boom by buying exchange traded funds linked to the iron ore price, which has more than tripled since April last year with Brazil still yet to recover from the Vale tailings dam collapse two years ago. Iron ore prices on Tuesday surged to a record high of $US193 a metric tonne, data from S&P Global Platts showed. Mr Tao said investors had already priced in the good news on iron ore prices.

Source: Daily Mail April 28, 2021 05:12 UTC