Iron Ore, Miners Gain

Base metals appeared to benefit from the special bond issuance announcement from China's Ministry of Finance, Marex Spectron's Dee Perera noted, saying it impacted the ferrous market and nickel and zinc in particular.

Iron ore 62% fines rose 5.7% to US$106.05 per tonne according to MySteel.

BHP (ASX: BHP) was up more than 2.7% in Australian trade this afternoon.

Australian gold miners were also having a good day out, with Saracen Mineral Holdings (ASX: SAR), Regis Resources (ASX: RRL) and Resolute Mining (ASX: RSG) all up more than 5% at the time of writing.