Cleveland-Cliffs and Freeport-McMoRan Slump. Iron Ore Resumes Its Slide.

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Updated Sept. 20, 2021 9:44 americium ET / Original Sept. 20, 2021 8:30 americium ET

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Cleveland-Cliffs, Freeport-McMoRan and different mining stocks slumped Monday arsenic robust ore futures dropped to $100 a ton amid China’s continued determination to curb alloy production. 

Cleveland-Cliffs (ticker: CLF) dropped 7.5% connected Monday to $20.22, portion Freeport-McMoRan (FCX) fell 5.1%. United States Steel (X) was down 5.62%.

Futures for robust ore — steel’s...

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