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

By Yahoo! Finance | Nov 10, 2024 at 09:53 PM EST

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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