Iron ore rises for second week as freight costs jump
Iron ore futures rose Friday, extending a second straight weekly gain, as freight costs surged and major Chinese ports destocked, boosting the most-traded January DCE iron ore contract (COMEX:TIO1!) 1.04% to 727 yuan.
By Emily Ou YongIron ore futures rose on Friday, driven by a surge in freight costs and destocking at major ports in top buyer China, posting a second straight weekly gain.The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! was 1.04% higher at 727 yuan…