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Iron ore higher on bets of easing US-China trade tension
Hopes grew for a de-escalation of trade spat between the world’s two largest economies after US President Donald Trump said on Monday he expected to reach a fair trade deal with Chinese President Xi Jinping. Trump also said he would visit China early next year at Beijing’s invitation. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.65 percent higher at 774 yuan (USD108.66) per metric ton. The benchmark November iron ore on the Singapore Exchange was 0.47 percent higher at USD104.05 a ton, by 0653 GMT. “The rise is driven by the macroeconomic factor ... (full story)
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From brecorder.com | Oct 23, 2025
Copper prices pushed higher on Thursday on hopes that top metals consumer China will unleash more stimulus in its new five-year plan. Benchmark three-month copper on the London Metal Exchange rose 1.6% to $10,834 a metric ton by 1430 GMT, its highest since October 14. LME copper has gained 23% so far this year, having touched its strongest in 16 months at ...
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