Published 7 days ago

Iron ore has scope for more price lifts despite rising Q3 supply

Summary by Miningmx

IRON ore futures fluctuated around $106 a ton in Singapore after slumping 1.5% on Tuesday reflecting volatility in the mineral due to China stimulus efforts and increased production from Western miners. Iron ore has shed more than a fifth this year as China’s slowdown, especially its prolonged property slump, prompted mills to cut steel production, said Bloomberg News. However, a series of measures unleashed by Beijing, aimed at stimulating the …

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Iron ore has scope for more price lifts despite rising Q3 supply

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