Chinese Policies Propel Iron Ore Prices Amid Production Cuts

On Friday, July 5, 2024, iron ore futures dropped due to reduced hot metal production, yet prices targeted a second weekly gain driven by hopes for more Chinese economic stimulus. The September iron ore contract on China’s Dalian Commodity Exchange DCE fell by 2% to 845.5 yuan ($116.3) per ton. This followed a one-month high […]