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Iron ore rises on improving China-Australia ties
Iron ore futures climbed on Wednesday, buoyed by strengthening ties between top producer Australia and leading consumer China, though gains were capped by concerns over persistent weakness in China’s property sector. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 1.11% higher at 773.5 yuan ($107.71) a metric ton, as of 0303 GMT. The benchmark August iron ore on the Singapore Exchange was 0.84% higher at $99.75 a ton. After a meeting in Beijing, Australian Prime Minister Anthony Albanese and Chinese President Xi Jinping agreed to a new Policy Dialogue on Steel ... (full story)
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- Jul 16, 2025 2:00am Posted byFundamental Analysis197
