Iron ore futures experienced a notable surge driven by multiple factors, including robust export data from China, speculation of potential economic stimulus measures, and sustained strong demand. The most-traded May iron ore on China’s Dalian Commodity Exchange closed 2.4% higher, marking its best week in five with a 3.8% growth. China's November iron ore imports increased by 3.4%, coupled with the country's first growth in exports in six months, indicating improved economic conditions. Amid talks of economic stimulus, steel benchmarks on the Shanghai Futures Exchange also saw positive movements. The stability in output guidance from major iron ore producers, including Vale and Rio Tinto, further supported the upward trend in raw material prices.

SOURCE:GOOGLE