Cliffs Natural Resources Inc. (CLF:US), the largest U.S. iron-ore producer, rose the most in three weeks after a jump in prices for the steelmaking raw material.
Cliffs increased 4.5 percent to $40.09 as of 10:31 a.m. in New York, after earlier climbing as much as 5 percent, the most intraday since Sept. 14.
Iron ore for immediate delivery in China rose 6 percent to $110.40 a ton, the biggest gain in a month, according to data from The Steel Index Ltd.
To contact the reporter on this story: Sonja Elmquist in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Sonja Elmquist at email@example.com