Iron Ore Prices Plunge 30% as China Property Crisis Deepens Divergence with Economy

Iron ore prices have fallen 30% from January highs to around $100/ton, indicating China's property market crisis continues
Divergence between manufacturing recovery and languishing property sector likely to widen as China pursues new economy growth
Lack of infrastructure stimulus means steel demand and iron ore prices will remain weak for some time
Contrast with copper hitting highs shows iron ore's lesser role in China's shift to renewable energy and tech
Forecasts of long-term iron ore prices in the $70-80s signal structural shift away from steel industry dominance