Iron ore prices are climbing for the second week in a row, hitting their highest level since May. The rally comes as China doubles down on supply-side reforms, sparking optimism that tighter controls could boost demand in the country’s massive steel market.

Editor’s Note: If you’ve got skin in the game—whether as an investor, miner, or just someone tracking global trade—this is a sign that China’s industrial policy moves still pack a punch. A stronger steel market could ripple through everything from construction to shipping, though it’s still early days. Keep an eye on whether these reforms stick or fizzle.

Copper prices took a dip, falling below $10,000 per ton in London trading as worries about weakening demand crept in. This drop comes just days after hitting a three-month peak, showing how quickly market sentiment can shift.

Editor’s Note: Copper is often seen as a barometer for the global economy—when demand cools, it can signal slower industrial activity or weaker growth ahead. This pullback suggests traders aren’t convinced the recent rally was sustainable, which could ripple through markets tied to construction, manufacturing, and green energy.