(Bloomberg) -- Iron ore fell near the $100-a-ton threshold as a policy meeting in China failed to deliver major stimulus, while supplies stayed strong.Most...
-- Iron ore fell near the $100-a-ton threshold as a policy meeting in China failed to deliver major stimulus, while supplies stayed strong.A Brief History of Kamala Harris and Her PoliticsThe steelmaking material fell as much as 2.4% to $101 in Singapore, with futures on track for a third day of losses. The outcome of the Third Plenum , a twice-a-decade conclave of Communist Party officials held last week, underwhelmed investors, with few steps to boost metals demand or fix the property crisis.
“China’s recent macro policy did not deliver anything beyond what was already expected,” said Han Jing, a senior analyst at SDIC Essence Futures Co., who also cited weak steel-product demand as a driver of lower iron ore prices. “Meanwhile, the global seaborne market is on the side of surplus,” she said.
The rout has taken a toll on miners’ share prices. In Australia, BHP Group Ltd. closed on Monday at the lowest level since November 2022, with additional weakness caused by a selloff in copper.Warren Buffett once said there are 'two kinds of items people buy' to grow wealth — but only one 'really is investing'Berkshire Hathaway trimmed its holdings of Bank of America stock for the first time in at least four years. U.S. Bancorp, Wells Fargo, Bank of New York Mellon, and HP Inc.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fanatics Sportsbook promo: Earn $100 in bonus bets daily for 10 days through bet matchesFanatics Sportsbook offers you up to $1K in bonus bets through your first ten days after signing up for a...
Read more »
A $100 Billion Bet on China’s Economy Sours as Warehouses EmptyIn many parts of China, the warehouses and industrial parks that used to be a magnet for international investors are grappling with a surprising slowdown in business activity.
Read more »
Merrell's Bestselling Shoes Are Under $100 But The Sale Won't Last LongA culture and product journalist for over ten years, Kevin is an expert in men’s style, gaming, coffee, hiking, gear, and all things outdoors. He most recently worked as a Reviews Editor for Runner's World, Bicycling, and Popular Mechanics, and previously served as Style Editor for Reviewed, a top product recommendation site owned by USA TODAY.
Read more »
Global carbon removal market could reach $100 billion/yr from 2030-35, report saysThe global market for carbon dioxide (CO2) removal credits could reach up to $100 billion a year between 2030 and 2035 from $2.7 billion last year if...
Read more »
Merrell's Bestselling Shoes Are Under $100 But The Sale Won't Last LongA culture and product journalist for over ten years, Kevin is an expert in men’s style, gaming, coffee, hiking, gear, and all things outdoors. He most recently worked as a Reviews Editor for Runner's World, Bicycling, and Popular Mechanics, and previously served as Style Editor for Reviewed, a top product recommendation site owned by USA TODAY.
Read more »
Kevin Costner’s $100 Million Western Heads for Box-Office BustKevin Costner’s passion project, the film Horizon: An American Saga — Chapter 1, debuts in cinemas on June 28 after four decades in the making. Unfortunately movie fans aren’t nearly as excited as its writer, director and star.
Read more »