Dalian: Iron ore futures closed higher on Monday in daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2025 delivery saw an increase, gaining 14 yuan (approximately 1.95 U.S. dollars) to close at 761 yuan per tonne.According to Namibia Press Agency, on Monday, the total trading volume of 12 listed iron ore futures contracts on the exchange reached 573,694 lots, with a turnover of about 43.12 billion yuan. This marks a significant trading activity in the iron ore market, reflecting investor interest and market dynamics.China, being the world's largest importer of iron ore, opened the DCE iron ore futures to international investors in May 2018, allowing for greater global participation in the market. This development has contributed to the growth and liquidity of iron ore futures trading on the exchange.