Iron Ore Drops Back to $100 as China’s Latest Fix Disappoints
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Iron ore fell — briefly touching the $100-a-ton threshold — as Beijing’s latest efforts to revive the economy left investors disappointed, while an expansion in Chinese port stockpiles highlighted ample supplies.
Futures declined as much as 2.5% in Singapore after slumping on Friday, when the government unveiled a debt-swap plan but stopped short of measures to directly boost domestic demand, including in the beleaguered property sector.