Iron Ore Rises as China Reopening After Holiday Spurs Buying

Photographer: Dado Galdieri/Bloomberg

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By Katharine Gemmell

May 6, 2026 at 2:20 AM UTC

Iron ore rose to the highest since October 2024 as China’s markets reopened after a five-day holiday.

Futures advanced as much as 1.6% in Singapore to $110.25 a ton, as the market saw a boost from strong buying on China’s domestic exchange as trading resumed.