Iron Ore Price Surge on US-China Trade Optimism
Iron ore price surge momentum actually reached $103 per ton on July 29, 2025, and it climbed more than 2% as news emerged of a potential 90-day US-China trade truce extension. This iron ore price surge comes after a sharp 4% decline over the previous two sessions, and markets are finding some relief right now amid growing steel demand outlook and China economic recovery hopes that are also fueling an industrial metals rally. Iron ore rebounded as news of a possible extension to the US-China trade truce eased some concerns about the impacts of tariffs on the global economy https://t.co/HffBVC38Mq — Bloomberg (@business) July 29, 2025 Iron Ore Price Surge Sparks Optimism Amid Trade Truce and Steel Demand Source: Eurometal The latest iron ore price surge was actually triggered by comments from US Commerce Secretary Howard Lutnick, who indicated that negotiations between the world’s two largest economies are underway right now. Markets have responded positively to news that a 90-day e...