Original article by Alex Gluyas
The Australian Financial Review – Page: 25 : 10-Sep-24

The price of iron fell below $US90 per tonne on Monday; the steel input had not previously tested this level since November 2022, and it followed a fall of nearly 10 per cent in the previous week. Other commodities have also fallen sharply in recent times, including copper and Brent crude oil. The sell-off has been prompted by concerns about the outlook for the Chinese economy, and whether the official annual growth target of five per cent can be achieved. Damien Boey from Barrenjoey notes that financial markets are concerned that an economic slowdown in China could flow through to other countries.

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