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Sep 23, 2023

Iron Ore Prices Hold Up Despite China's Property Market Crisis

The one commodity that should be getting hammered by China’s worsening property crisis is actually doing rather well. Iron ore climbed to its highest in a month last week after a rally that has defied

The one commodity that should be getting hammered by China’s worsening property crisis is actually doing rather well.

Iron ore climbed to its highest in a month last week after a rally that has defied deepening gloom over China’s debt-laden economy. Prices have largely kept above the key $100-a-ton threshold this year despite waves of worrying news from the real estate sector, which in more normal years makes up about 40% of demand.