Iron Ore Rebounds on Restocking Needs

2025-12-10 06:26 By Jam Kaimo Samonte 1 min. read

Iron ore futures climbed toward CNY 770 per ton, rebounding from five-month lows as Chinese steel mills ramped up restocking ahead of the holidays.

Buyers remained active despite Beijing’s ongoing crackdown on overcapacity, supported by strong steel demand in international markets.

Sentiment was also supported by expectations of stronger economic stimulus in China and the latest US Federal Reserve rate cut.

Beijing reaffirmed broad economic support for the year ahead during its annual economic planning meeting, outlining proactive fiscal measures aimed at bolstering consumption and investment.

Meanwhile, state-backed trader China Mineral Resources Group said recent price volatility has been driven by financial speculation, warning that it risks detaching the commodity from underlying market fundamentals.

Separately, Australian miner BHP Group secured $2 billion in funding for its Western Australia iron ore operations, a move that could boost supply volumes.



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