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.
A significant amount of Rio Tinto’s $700 million payment to settle its dispute over the huge Simandou iron ore will be used to help mend the country’s dilapidated infrastructure. The government of Guinea will use 35 percent of a $700 million windfall