Iron ore price slumps to three-week low on weak China demand, strong global supply
Property investment in China fell 10.1% in the first half of 2024 from a year earlier.
The asset manager sees big opportunities in oversold mining equities, as “valuations are at very low levels” and predicts the recent fall in iron ore prices could lead to drop in supply and, later, to a rebound in prices. BlackRock Inc, the world’s