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Iron Ore Soars As China Pledges Crackdown On Industrial Overcapacity
Iron ore futures in Singapore surged toward $100 a ton — the highest since May — fueled by renewed pledges from the Chinese government to curb overcapacity in key industrial sectors. Beijing's comments have boosted sentiment across ferrous markets. Singapore futures jumped as much as 3.6% during the session, marking the largest daily gain since September. Iron ore futures have traded in a tight range between $90 and $110 a ton for more than 18 months. Futures on the Dalian Exchange — which are more influenced by the Chinese market — closed at their highest level since April. "Iron ore has gained more than ... (full story)
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- Jul 10, 2025 7:59pm Posted byFundamental Analysis229
