Archive · 3 Jun 2025
Iron Ore Dips on Weak China Manufacturing Data
Iron ore prices are falling because of worries about China's economy.
China's manufacturing activity is at its lowest level since 2022, according to a survey.
This is due to trade tensions with the US and other economic concerns.
The drop was a surprise because experts expected the numbers to be better.
Other metals like copper, aluminum, and zinc also fell.
Investors are cautious due to these uncertainties.
Iron ore prices declined due to concerns about China's economic outlook.
China's manufacturing activity fell to its lowest level since September 2022.
The Caixin PMI for May was 48.3, below the expected 50.7.
Iron ore futures in Singapore fell to $93.90 a ton.
Copper, aluminum, and zinc prices also decreased on the London Metal Exchange.
- Who
- Iron ore traders
- What
- Iron ore and base metal prices dropped
- When
- May
- Where
- Singapore, London Metal Exchange
- Why
- Concerns about China's economic outlook
- Iron Ore Price
- $93.90 a ton
- China's PMI (May)
- 48.3
- China's PMI (April)
- 50.4
- Copper Price Drop
- 0.5%
- Aluminum Price Drop
- 0.9%
- Zinc Price Drop
- 1%
Sources
Chinese shares fall in Hong Kong on new trade frictions with US
Asian stocks drop, gold rises in risk-off start to week
Wall Street opens slightly lower driven by market anxiety over crude oil prices, tariffs and Russia-Ukraine conflict
Asian stocks start cautious, dollar holds drop
Gold extends robust gains as trade worries spur flight to safety
Iron ore falls as China PMI slips to lowest level since 2022
