Loading...
Market
Story
Iron Ore Prices Surge 13% to $112.8 as Chinese Cities Ease Home Buying Curbs
Sep 29, 2024, 11:44 PM
Iron ore prices have surged almost 8% as Chinese cities ease home buying curbs, contributing to a broader rally in industrial metals. China's recent stimulus measures have been a significant factor, with copper prices jumping 5.9%, aluminum 6.5%, nickel 3.0%, zinc 7.5%, and platinum 2.5%. The easing of home buying restrictions in Chinese cities has led to a 10% increase in Singapore iron ore prices, reaching $112.8. Analysts suggest that China's aggressive economic stimulus, including measures to support the housing market, is driving these price increases. Additionally, iron ore prices have surged 13% overall, and copper is speculated to reach $15K/ton.
View original story
Similar markets
Silver • 25%
Gold • 25%
Platinum • 25%
Palladium • 25%
Gallium • 25%
Germanium • 25%
Antimony • 25%
Other • 25%
Rio Tinto • 25%
BHP • 25%
Glencore • 25%
Other • 25%
Cobalt • 25%
Nickel • 25%
Lithium • 25%
Graphite • 25%
China Northern Rare Earth Group High-Tech Co. • 25%
Lynas Rare Earths Ltd • 25%
MP Materials Corp • 25%
Iluka Resources Limited • 25%
Outperforms S&P 500 • 25%
Underperforms S&P 500 • 25%
Outperforms Dow Jones • 25%
Underperforms Dow Jones • 25%
Barrick Gold • 25%
Newmont Corporation • 25%
Kinross Gold • 25%
Other • 25%
Gold • 25%
S&P 500 • 25%
Bitcoin • 25%
U.S. 10-year Treasury • 25%
All three outperform market • 25%
Two outperform market • 25%
One outperforms market • 25%
None outperform market • 25%
S&P 500 performs best • 25%
Nasdaq-100 performs best • 25%
Dow Jones performs best • 25%
Other index performs best • 25%
S&P 500 • 25%
Dow Jones Industrial Average • 25%
NASDAQ Composite • 25%
Russell 2000 • 25%
Hunan Gold Corporation • 25%
China Minmetals Corporation • 25%
Mandalay Resources • 25%
Other • 25%