Iron-ore prices to remain at about $100/t in 2025, BMI says

After hitting a multi-year low of $85/t on September 23, prices rebounded sharply to $103/t on September 30, in the wake of Chinese stimulus announcements.

However, the rally proved to be short-lived, with prices trending downwards into early November, struggling to breach the $100/t mark, despite Beijing's efforts to reinvigorate the property sector.