Iron ore futures surged on China’s massive hydropower push, but gains faded as property sector stress lingered.
Investors are watching the upcoming Politburo meeting for potential action on curbing excess capacity in EV, solar, and lithium battery sectors to support struggling prices.
Prices are holding firm above key moving averages, pointing to continued upward momentum, while the RSI hints at a potential price correction.
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[IO Technicals 2025/30] Iron Ore Rally Cools on Supply Surge, but Policy Hopes Keep Prices Afloat