Iron Ore Advances as Rising Costs Offset BHP-CMRG Resolution

Iron ore rose toward a one-month high, despite a resolution of a dispute between BHP Group and China Mineral Resources Group Co. that had supported prices by putting some supply at risk.

Futures for the steel-making ingredient were just below $107 a ton in Singapore, even after restricted BHP ore that had piled up at ports during the seven-month long spat was cleared to re-enter the market.