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BHP Billiton (BHP) Stock Rallying as Iron Ore Prices Rise

NEW YORK (TheStreet) -- Shares of BHP Billiton (BHP) are popping by 4.2% to $26.68 on Tuesday afternoon, as iron ore prices advanced toward $60 per metric ton, rising to their highest in a month, Bloomberg reports.

The Melbourne, Australia-based mining company is engaged in the exploration, development, production, processing and marketing of minerals, such as iron ore, copper, aluminum...