FED: Base metals react positively, new price rally for iron ore?2 November 2023 – Asian base metals have reacted positively to the US Federal Reserve’s interest rate pause. In addition, there are many indications that the Chinese government’s stimulus programmes are having an effect and that there could be a new price rally in iron ore beyond $130 per tonne. And in Ireland, industrial and logistics real estate is in hot demand due to robust economic growth. Source