China imports more than three-quarters of its iron ore, mainly from Australia and Brazil. Photo: AFP
China imports more than three-quarters of its iron ore, mainly from Australia and Brazil. Photo: AFP
Commodities

China vows crackdown on iron ore speculators causing ‘abnormal’ price swings

  • State planners warn of ‘abnormal fluctuations’ in prices for the steel raw material despite stable demand and supply overall
  • Hoarders, speculators and misinformation spreaders in cross hairs

China imports more than three-quarters of its iron ore, mainly from Australia and Brazil. Photo: AFP
China imports more than three-quarters of its iron ore, mainly from Australia and Brazil. Photo: AFP
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