Iron Ore Falls After China Policy Meet Disappoints on Stimulus
- Outcome a letdown for those who wanted focus on growth
- Steelmaking staple declines as much as 2.9% in Singapore
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Iron ore fell after a widely-watched government policy meeting in China finished without any major new stimulus pledges.
The steel-making staple lost as much as 2.9% in Singapore. The Communist Party’s annual economic work conference said industrial policy would be the top priority next year, disappointing investors who had been looking for more measures to support the country’s ailing economy.