Iron Ore Rises on Falling Inventories, Posts Seventh Weekly Loss
Iron ore futures rose Friday as Chinese port inventories fell, while the contract recorded a seventh consecutive weekly loss amid weak broader demand.
By Emily Ou YongIron ore futures rose on Friday, supported by reduced Chinese port inventories, though the contract posted a seventh straight weekly loss as traders weighed weak broader demand.The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! traded 0…