SINGAPORE: Iron ore cargoes from the world’s biggest bulk export terminal jumped to a record, as miners in Australia rush to cash in on rising prices, and steelmakers in China replenish stocks to prepare for a revival in demand after a winter clampdown on output eases.
Exports from Australia’s Port Hedland climbed 5% from a year ago to 46.1 million tonnes in December, topping the previous high of 44.1 million tonnes in May, according to a statement from the Pilbara Ports Authority.
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