Iron ore slips to 6-1/2-month low as global trade war intensifies

From brecorder.com

Iron ore futures dropped on Wednesday to their lowest levels in more than six months, as demand prospects were clouded by the escalation of a global trade war triggered by U.S. President Donald Trump’s broad tariffs. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) was down 2.9% at 687 yuan ($93.47) a metric ton, as of 0311 GMT. Earlier in the session, the contract hit its lowest point since September 24 at 670.5 yuan a ton. The benchmark May iron ore on the Singapore Exchange was trading 1.16% lower at $93.65 a ton. The contract had earlier dropped to its lowest level since ... (full story)