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Iron ore stays calm amid China uncertainty, US tariff turmoil: Russell
Iron ore prices have been a model of stability in recent months despite the increasing clouds over the outlook for the key steel raw material. The benchmark Singapore Exchange contract ended at $95.25 a metric ton on Monday, down from $95.89 at the previous close but up from the recent nine-month low of $93.35 on July 1. However, the range in the price between that low and the high so far in 2025 of $107.81 a ton on February 12 is a narrow $14. In 2024 the range between the high and the low was around $52 a ton, about $32 in 2023 and $82 in 2022. The lack of volatility in iron ore prices so far in 2025 comes despite ... (full story)
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- Jul 8, 2025 4:23am Posted byFundamental Analysis239
