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Iron ore rebounds as traders cheer Sino-US trade progress
Iron ore futures prices rebounded on Wednesday, as signs of progress in trade talks between the world’s two largest economies bolstered sentiment, although uncertainty over a final agreement and softening steel demand capped further gains. Officials from the United States and China, the world’s largest iron ore consumer, agreed on a framework to put their trade truce back on track following two days of intensive negotiations in London. The development has broadly lifted sentiment in the ferrous market, helping to support prices. China purchases over two-thirds of global seaborne supply. The most-traded September ... (full story)
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From cnbc.com|Jun 11, 2025|15 commentsThe U.S. and China have reached an agreement on trade, representatives from both sides said after a second day of high-level talks in London. “We have reached a framework to ...
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From @FirstSquawk|Jun 11, 2025The EU sees reaching an agreement on the principles of a deal by July 9 as a best-case scenario EU Plans To Extend US Trade Discussions Beyond Trump's July Deadline . The European Union is looking to prolong trade negotiations with the United States, aiming to reach…
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- Jun 11, 2025 1:07am Posted byFundamental Analysis214
