Iron-ore futures surged to their highest levels in nearly five months on Monday, buoyed by the announcement of construction on the world's largest hydropower dam and firm steel mill margins. The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 2.08% higher at 809 yuan ($112.74) a metric ton, after hitting an intraday high of 819 yuan, the highest since February 26. The benchmark August iron ore SZZFQ5 on the Singapore Exchange was 2.81% higher at $103.6 a ton as of 07:05 GMT, reaching an intraday high of $104.8, its highest since February 27. China's ... (full story)