Iron-ore drops with leading miners to deliver production reports
Iron-ore fell as investors’ attention shifted from China’s plans for stimulus and the outlook for demand to prospects for global supplies, with a procession of leading miners due to deliver quarterly production reports.
Futures dropped to near $107 a ton in Singapore, after gaining more than 3% over the prior two sessions as China detailed more plans to support the economy in a series of briefings. This week, Australia’s BHP Group and Rio Tinto Group turn in their figures, as will Brazil’s Vale.