Dalian iron ore futures are poised for their first weekly loss in seven as Beijing intervenes to regulate prices, despite a gain on Friday fueled by positive factory data. The move follows warnings from China about strengthening supervision in the iron ore futures market to curb price rallies. The caution comes despite unexpected expansion in China's factory activity in November. The rebound in iron ore prices could gain momentum if Beijing implements more structural reforms, especially given China's sustained demand for steel in electric vehicles and green infrastructure.

SOURCE:GOOGLE