ADELAIDE, Australia—Iron-ore prices have slumped to a three-year low as a sharp slowdown in Chinese homebuilding combines with Beijing’s zero-Covid strategy to sap demand for the steelmaking commodity.
The benchmark price of iron ore—one of the world’s most-traded commodities—fell by 17% in October from September to end the month more than 50% below its 2022 high, which was set in March.
Aluminium prices diverge as LME gains, SHFE declines amid rising inventories
Tariffs on Mexico finalised, SHFE aluminium weakens due to alumina drag
