Macro Finance
Iron Ore Trades Below $90 a Ton for First Time Since 2024
Bloomberg Markets·October 15, 2026·1 min read
Iron ore futures in Singapore slipped to a two-year low under $90 a ton, extending a retreat fueled by soft demand in China and too much global supply. The decline marks the first time the commodity has traded below that level since 2024, pressuring miners and steelmakers.
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