Iron-ore hits over 1-year low on soft China demand prospects, firmer supply

Iron-ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects of soft China demand amid an uneven economic recovery and stronger supply against fresh monetary easing measures by the world's top consumer.

The most-traded January iron-ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 4.5% lower at 658.5 yuan a metric ton, marking its weakest level since August 17, 2023.