Iron Ore Slumps Toward $100 as China's Latest Fix Disappoints

Iron Ore Slumps Toward $100 as China's Latest Fix Disappoints

Iron ore prices are dropping due to disappointing economic measures by Beijing and oversupply concerns. Port stockpiles in China are increasing, while demand weakens. This has led to a decline in futures and shares of mining companies like BHP Group and Rio Tinto Group.

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