Iron Ore Prices Tumble as China’s Property Stimulus Falls Short

Iron ore prices plummeted on Thursday as investors reacted negatively to China’s latest economic stimulus measures. The market expressed disappointment over the limited scope of policies aimed at reviving the country’s struggling property sector. Futures contracts for iron ore on the Dalian Commodity Exchange fell by 5.99%, closing at 746.0 yuan ($104.74) per metric ton. […]