Reported about 19 hours ago
Iron ore prices have surged back above $100 a ton following reports of record imports from China, which reached 1.24 billion tons last year. This uptick in demand is further supported by China's record trade surplus of $992 billion in 2024 and ongoing stimulus measures. Despite this positive trend, concerns remain regarding the property sector in China and increasing global trade tensions that may affect future exports.
Source: YAHOO