Iron Ore Looks Set for a Tumble as Hopes Fade for Major China Stimulus

(Bloomberg) — Iron ore’s rally over the last couple of months is looking increasingly brittle as hopes fade for the type of big-bang, infrastructure-heavy stimulus that China used to deploy.

Authorities have loosened monetary policy and rolled out or talked up a series of measures to support property and other parts of the economy since early June. This week’s Politburo meeting pledged more support for real estate and an easing of local-government debt burdens, which have slowed spending growth this year.