Iron Ore Extends Gains After Best Month Since September 2024

Iron ore advanced after posting its biggest monthly gain since September 2024, supported by tropical storms in Australia and an ongoing pricing dispute between China’s state-run buyer and major miner BHP Group.

Singapore futures for the steelmaking ingredient rose as much as 1.3% on Wednesday, having added more than 7% in March to end the month at $105.48 a ton and snap a two-month losing streak. Dalian iron ore futures also extended gains after climbing nearly 8% last month.