Iron ore experienced its largest weekly gain since Sept due to optimism over China's economic recovery.
Iron ore saw its largest weekly gain since Sept, driven by optimism towards China's economic recovery. Chinese Premier Li Qiang stated that there's room for more policy support and mentioned positive developments in mitigating risks in the property sector and local government debt. Despite the 8% price increase last week, iron ore remains one of the worst-performing commodities in 2022, with a 20% loss.
March 25, 2024
3 Articles