Iron-ore is enjoying its biggest rally in years, outpacing copper and oil so far in 2016, but still weak forward prices show it may be tough to stretch the bullish outlook.
Improving steel prices in top market China are helping fuel iron-ore’s climb as producers gear up for a seasonal uptick in demand. Yet there is no shortage of doubters who see gains in the bulk commodity as fleeting given a large glut and challenges for China’s economy.
