Iron Ore Prices Cut on Low Interest

Reuters reported spot iron ore prices fell on Tuesday as Chinese buying lost steam.

As quoted in the market news:

Prices of iron ore and Chinese steel rose last week for the first time in seven weeks, spurred by hopes of higher steel demand as Beijing moves to speed approvals of infrastructure investments and could unleash measures to stimulate its economy as the U.S. recovery falters and the euro zone is trapped in a debt crisis.

Click here to read the full Reuters report.