Iron ore futures approach one-month high despite supply returning to market

15 articles · Updated · Bloomberg · Apr 29

Futures in Singapore traded just below $107 a ton after BHP Group and China Mineral Resources Group resolved a seven-month dispute.
Previously restricted BHP ore, which had accumulated at ports during the spat, was cleared to re-enter the market, yet prices remained elevated.
Rising costs continue to support iron ore prices, offsetting the expected downward pressure from increased supply following the dispute resolution.

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