Global commodity prices fall as China warns of 'excessive speculation'

Chinese authorities criticise speculation in raw materials including iron ore and copper Global commodity prices have tumbled after a warning from China about "excessive speculation" in raw materials including iron ore and copper, amid mounting concerns over rapid growth in inflation. Against a backdrop of soaring raw material costs as several big economies relax Covid-19 restrictions, China's National Development and Reform Commission (NDRC) said it would show a "zero tolerance" approach for mo...