Reported 2 months ago
Metals prices fell sharply as China's National Development and Reform Commission failed to announce expected new stimulus measures during a recent briefing. Iron ore prices dropped over 5% after briefly reaching a five-month high, while copper and other base metals also saw declines. Investor disappointment was evident as they had anticipated significant government spending pledges to rejuvenate the sluggish steel industry, but the officials offered mainly reiterations of previous commitments.
Source: YAHOO