China’s move to clean up its heavy-polluting industrial sector has triggered a swift collapse in iron ore prices for the first time since July 2020. Prices last Friday and Monday dipped below the $100 per ton mark. According to a draft guideline released on Thursday, the Ministry of Ecology and Environment intends to monitor 64 regions during its winter air pollution campaign. Evergrande crisis sparks concerns over the Chinese economy Iron ore, copper, and other commodities may be further hammered following news of the crisis at Chinese developer Evergrande . Markets across the globe fell sharply Monday as Evergrande, one of the biggest property developers in the country, Evergrande threatened to default on loans worth U.S. $300 billion. This has sparked off worries about the economy. It could also cause downturns in construction and demand for raw materials. Iron ore’s fall Since May, iron ore prices have fallen by […]