China In-Focus: Iron ore tops $140 per ton; stocks rise amid easing COVID-19 curbs

RIYADH: Iron ore surges to its biggest gain in 13 weeks. In addition to this, Chinese stocks surged amid easing COVID-19 restrictions.  

·      Iron ore topped above $140 per ton, up from $130 per ton in May, reflecting the biggest gain in 13 weeks on hopes that easing Chinese COVID-19 restrictions will boost demand once again. In addition to this, inventories dropped to an eight-month low, Bloomberg reported, citing Steelhome data.