Iron Ore
Iron Ore Markets Brace for Impact as Supply Glut Fears Intensify, Prices Under Pressure
The global iron ore market is currently navigating a period of unprecedented turbulence, as a confluence of factors, primarily a looming supply glut and weakening demand, exerts significant downward pressure on prices. Singapore iron ore futures, a key benchmark, are currently trading at $103.75 per ton, reflecting the market&