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Actionable news in CLF: CLIFFS NATURAL RESOURCES Inc,

Cliffs Natural Resources (CLF) Stock Gains as Australia Issues Bullish Iron Ore Outlook

NEW YORK (TheStreet) -- Cliffs Natural Resources (CLF - Get Report) stock is higher by 7.39% to $3.05 in late-afternoon trading on Friday, after Australia's Department of Industry, Innovation & Science updated its iron ore outlook for 2016 to $45 per metric ton from $41.30 per ton.

Looking ahead, prices will rise to $56 in 2017, $61.40 in 2018 and $64.70 in 2021, according to the department, Bloomberg reports.

The commodity has unexpectedly rallied this year after China's policy makers indicated they would support economic growth in the country, which is the largest iron...


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