-- Iron ore hit the lowest level since 2022 on concern that global supply is running ahead of demand, with China’s steelmakers mired in a crisis and cutting output just as major miners boost exports.Futures sank for a fourth day in Singapore, falling below $94 a ton, as data from China showed mills reduced steel production to about 83 million tons last month, 9% lower than a year earlier. The country is the largest importer of seaborne iron ore, and sets the tone in the global market.
Futures of the steelmaking material retreated by as much as 2% to $93.70 a ton — the lowest intraday price since November 2022 — before trading at $94.60 at 10:19 a.m. in Singapore. The recent sell-off has pummeled miners’ shares, with stock in BHP Group Ltd. down by more than a fifth in Australia this year.
The leader of Australia's main opposition party was told to "stop being racist" by another parliamentarian during a heated discussion on Thursday in which he said that Australia should not take in any refugees from Gaza. Independent parliamentarian Zali Steggall made the remarks during a speech criticising centre-right Liberal Party leader Peter Dutton for his call this week to bar refugees from Gaza due to the risk they could be Hamas sympathisers.
WPTV is listening to concerns about the Mar-a-Lago road closures after Tuesday's Palm Beach Council meeting where the board shared they wanted to explore other options besides shutting down the streets.SAN JOSE, Costa Rica — Five officials from Costa Rica's child welfare agency were arrested on charges they were involved in trafficking migrant children for the purpose of adoption, authorities said Wednesday.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »