Iron Ore is on their way to the largest annual loss since 2015 due to the slowdown of China

Iron ore revolves around the largest annual losses since 2015 after the real estate crisis in China has influenced demand, and mining companies have strengthened their consignments, with prices not benefiting from data that shows signs of recovery from crude oil importer. The future contracts for iron ore in Singapore are slightly higher than $ 100 per tonne traded up to 28% losses during the year 2024. On the last day of the year, prices have the profits they achieved in early trade, despite the data of the purchasing managers index in the manufacturing sector in China, which showed the expansion of the factory activity for the third month in December during December. Iron Ore, the most important component in the steel industry, was one of the worst performances this year, as the weakness of the Chinese economy influenced demand amid a real estate crisis that has been going on for years without the expiry of the expiration. Most of the losses came in the first quarter of the year, although the fall in September in September continued its lowest levels since 2022. Modest gains for basic metals. In return, the LMX index of the six main minerals traded on the London metal stocks is to achieve a modest annual increase of 5%is amid the interaction tension. Metal performance ranged today, Tuesday, as zinc rose 0.4% to $ 3031.50 per tonne, while the tin, the best performance during the year, dropped 0.7% to $ 29085 per ton. There was no change in the price of iron ore at $ 100.45 per ton at 11:09 p.m. Singapore, while the contracts denominated in Dalian were established, and the steel contracts circulated in Shanghai.