Ferrous metals, coal continue surge as Chinese bug busters cool down

07.11.2022

Iron ore futures surged on Friday, solidifying their weekly gains, driven by continuing bets that top steel producer China would ease its strict COVID-19 rules early next year, and further fuelled by Beijing’s fresh pro-growth rhetoric.

The most-traded January iron ore on China’s Dalian Commodity Exchange ended daytime trade 4.9% higher...