Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Iron ore climbs as Trump leaves door open for more tariff talks
    Commodities

    Iron ore climbs as Trump leaves door open for more tariff talks

    July 7, 20252 Mins Read


    Iron ore gained as President Donald Trump signalled he was open to more negotiations after unveiling his first wave of letters threatening to impose higher tariffs on US trading partners.

    Futures of the steel-making ingredient rose as much as 0.9%, as Trump teased the possibility of additional negotiations and delayed the new rates until Aug. 1 for all nations facing his “reciprocal” tariffs.

    Ferrous markets have been sensitive to Trump’s tariff announcements as fears of an impact to global growth weigh on prices. Iron ore has shed around 12% since reaching a 2025 peak in mid-February, although prices got some support last week after China vowed to phase out outdated capacity.

    Separately, inventory levels at major Chinese steel mills fell nearly 5% to 15.5 million tonnes in late June compared with mid-June, according to data from the China Iron and Steel Association. Still, volumes were about 5% higher than in the same period last year.

    Futures in Singapore were up 0.8% to $95.95 a ton at 1 p.m. local time. Yuan-priced futures on the Dalian exchange also rose.

    Meanwhile, most commodities on the London Metal Exchange were trading higher, with aluminium gaining 0.4% and copper up 0.1%.

    Also Read: Gold steadies as Trump’s tariff demands offset stronger dollar



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Le projet d’usine de GNL de Marinvest Energy serait-il cohérent avec les cibles climatiques du gouvernement du Québec?

    Commodities

    Un parc éolien pour alimenter l’usine de GNL de Marinvest Energy à Baie-Comeau

    Commodities

    les géants français du metal en tournée dans toute la France… et des places encore disponibles !

    Commodities

    VAALCO mise sur Baobab, malgré sa production marginale

    Commodities

    Haiti – Agriculture : Colombia and Haiti progress in their agricultural cooperation

    Commodities

    le premier parc éolien en Nord-Vienne inauguré

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    L’italien Azimut signe un accord contraignant avec FSI pour créer une banque fintech

    Stock Market

    Springs Utilities operates, maintains post’s electric, natural gas, water infrastructure | Article

    Precious Metal

    XAG/USD pulls back from $29.50 after easing of Middle-East tensions

    Editors Picks

    ROB HALFORD: ‘JUDAS PRIEST Has Been Defending The Faith Of Heavy Metal Since We Began’

    July 19, 2024

    Report – The Shib Daily

    October 29, 2024

    Corporate Action to Track: SBI, IEX among 8 stocks set to trade ex-dividend on May 16

    May 15, 2025

    Credas Launches UK’s First Reusable Compliance Wallet

    July 8, 2025
    What's Hot

    Bitcoin ATMs hit Yesway, Allsup’s stores

    October 21, 2024

    What to know about Trump cryptocurrency meme coins

    January 20, 2025

    Economic impact of mining projects in British Columbia valued at $65 billion, says MABC

    May 1, 2025
    Our Picks

    le ministère de l’agriculture joue t-il la montre ?

    June 13, 2025

    Council considers ‘taking over’ unlicensed privat…

    July 16, 2024

    ACC Loans Boost Agricultural Development Amid Broader Economic Modernization Efforts

    August 18, 2024
    Weekly Top

    Un parc éolien pour alimenter l’usine de GNL de Marinvest Energy à Baie-Comeau

    July 9, 2025

    Le projet d’usine de GNL de Marinvest Energy serait-il cohérent avec les cibles climatiques du gouvernement du Québec?

    July 9, 2025

    Why China’s jewellery giants are selling less amid a precious metal boom 

    July 9, 2025
    Editor's Pick

    Readers weigh in for, against Los Altos School District’s Measure EE bond

    October 27, 2024

    Granite Real Estate Investment Trust (TSE:GRT) Declares $0.28 Monthly Dividend

    July 19, 2024

    Ka.app Rolls Out the Ka. Debit Card: Simplifying Crypto Usage for Daily Transactions

    July 17, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.