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Iron Ore Prices Tumble To 9-Month Low, Citi & Goldman Ratchet Down Price Target
Iron ore, widely seen as a real-time barometer of China's economic pulse, is flashing fresh warning signs. Prices slid for a fourth straight session in Singapore, dropping below $93 a ton and hitting their lowest level in nine months. China, the world's largest consumer of iron ore, imports more than 70% of globally traded volumes. That gives iron ore prices an outsized role as a proxy for Chinese economic momentum, and the latest trade data suggests the world's second-largest economy is still struggling to gain momentum, remaining mired in deflation. At the start of the week, figures from China showed that ... (full story)
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- Jun 18, 2025 4:55pm Posted byFundamental Analysis251
