Iron ore rose above $100/ton for the first time since May on improving sentiment over China's economic growth and Rio Tinto moved up its timeline for first shipments from the Simandou mine.

Iron ore rose above $100 a ton on improving sentiment over Chinese economic growth, and as Rio Tinto Group brought forward its timeline for the first shipment from a massive mine in Guinea.

Australia and China should cooperate more closely over green steel, Prime Minister Anthony Albanese said in Shanghai on Monday, even as he called on the world's largest steelmaker to address excess capacity for the metal.

Iron ore held its biggest weekly gain since January, with traders looking ahead to the release of data in China that may show the economy of the world’s biggest metals consuming nation expanded more than 5% in the second quarter.

Dune: Awakening ’s desert is filled with raw resources like crystals, metals, ore, stone, and even corpses, that lend their essence to crafting useful survival tools and equipment. One of the most important materials is Iron.

Major miner BHP said it is too costly for Australia to build a "green iron" industry, even after the country and China agreed this week to jointly work to decarbonise the steel supply chain, responsible for nearly a tenth of global emissions.

Australia’s potential to export green metals – made here using abundant, cheap renewable energy – could deliver immeasurable economic benefits and accelerate the global race to net zero. It’s now a step closer.

The deal signed with CIA Siderúrgica Nacional SA is for the delivery of 6 million tons of iron ore over four years.