Iron ore rose to a fresh 18-month high after Chinese President Xi Jinping pledged to strengthen the economy and job creation in the world’s biggest steel-making nation. The material rose as much as 2 per cent on Tuesday, days after capping its first annual gain in three years, even amid China’s slow economic recovery during 2023. Adding to the past stream of pledges to boost the economy in recent months, Xi promised in a televised message to the nation Sunday to “consolidate and strengthen the momentum of economic recovery, and work to achieve steady and long-term economic development”. Beijing is expected to target a growth goal…
