Iron ore price slumps to 3-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.
Baffinland Iron Mines shares are pushing well past the most recent offer price for the company on bets that a company such as Vale SA or Xstrata PLC will make a blockbuster bid to keep the big iron ore deposit out of the hands of steel maker ArcelorMittal. The Globe and Mail reports