Reported 3 days ago
Iron ore is set to experience its largest annual decline since 2015, primarily due to the impact of China's property crisis on demand and increased cargo shipments from miners. Despite some signs of recovery in China's manufacturing sector, prices have fallen by 28% throughout 2024, with significant losses particularly in the first quarter. While iron ore struggles, other base metals like copper and zinc show mixed performance influenced by supply issues.
Source: YAHOO