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China's surprise pledge boosts iron ore, copper

Dec 10, 2024 (The Australian Financial Review - ABIX via COMTEX) --

The prices of key commodities such as iron ore, copper and oil rose on Tuesday after the Chinese government signalled further stimulus measures. The nation's politburo advised that it will embrace a "moderately loose" stance on monetary policy in 2025, and a more proactive fiscal policy at its monthly meeting. Australian-listed resources stocks also rallied, with Fortescue, BHP and Rio Tinto amongst those that posted strong gains..

Publication Date: 11 December 2024

FORTESCUE LIMITED - ASX FMG
BHP GROUP LIMITED - ASX BHP
RIO TINTO LIMITED - ASX RIO
comtex tracking

COMTEX_460705152/2229/2024-12-10T18:08:22

By Joanne Tran

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