Iron ore inches higher

Dalian and Singapore iron ore futures ticked higher on Tuesday, boosted by heightened expectations of more supportive measures from China following weaker-than-expected economic data.

The most-traded September iron ore on the Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trading 0.66% higher at 845 yuan ($117.83) a metric ton, after losses on Monday.

The benchmark August iron ore SZZFQ3 on the Singapore Exchange gained 0.98% to $113.60 a metric ton, as of 0657GMT.

Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.

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