Iron ore price sinks as China vows to punish market manipulation
MINING.COM Staff Writer , 14 May 2021
Iron ore’s slump from a record accelerated as China ramps up efforts to control prices.
Benchmark iron ore futures on the Dalian Commodity Exchange, for September delivery, dived 7.5% to 1,173 yuan ($182.22) a tonne. The contract fell 4.4% this week. Spot prices of iron ore with 62% iron content for delivery to China, compiled by SteelHome consultancy, had declined $12 to $220.5 a tonne on Thursday.. Continue reading “Article: Iron ore price sinks as China vows to punish market manipulation”
