Iron ore up 4% after selloffs spurred by China COVID woes


Iron ore futures rebounded on Monday after last week’s selloffs, as traders bet the bottom has been reached despite lingering concerns about intensified COVID-19 restrictions in top steel producer China.

The most-traded January iron ore on China’s Dalian Commodity Exchange DCIOcv1 ended daytime trade 4% higher at 692 yuan ($99.85) a...