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Iron ore rises after China’s central bank pledges monetary support
Iron ore futures extended their gains on Wednesday after the central bank in top consumer China pledged financial support to boost domestic demand, exemplified by lower-than-expected consumption data. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) was up 0.26% at 765 yuan ($110.63) a metric ton, as of 0234 GMT. The benchmark March iron ore on the Singapore Exchange was trading 0.17% higher at $100.35 a ton. China’s central bank said late Tuesday it will step up financial support to boost domestic demand, as industrial overcapacity and lacklustre consumption weighed on business ... (full story)
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From brecorder.com | Feb 11, 2026
Copper prices were little change on Wednesday, as demand slowed ahead of Chinas nine-day Lunar New Year break. The most-active copper on the Shanghai Futures Exchange dipped 0.10% to 101,760 yuan ($14,721.58) a metric ton as of 0320 GMT. The benchmark three-month copper on the London Metal Exchange was unchanged at $13,108 a ton. Demand from downstream ...