- Write by:
-
Wednesday, January 18, 2023 - 14:42:29
-
69 Visit
-
Print
Mining News Pro - The iron ore price rose on Wednesday as investors bet on surging demand for the steel ingredient as China’s economy reopens.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $113.60 a tonne Wednesday morning, up 3.1%.
China’s state planner on Wednesday issued its third warning this month against excessive speculation in iron ore, adding it will increase supervision of the country’s spot and futures markets.
Companies should not engage in price gouging and speculation, said the National Development and Reform Commission (NDRC), in a post on its official WeChat account.
It issued similar warnings on January 6 and 15th and summoned iron ore trading and futures companies, ordering them not to selectively quote data and information, deliberately exaggerate price increases or bid up prices.
Short Link:
https://www.miningnews.ir/En/News/622596

Mining News Pro - The US is beginning to detain imports of aluminum products suspected of being made through forced ...

Mining News Pro - Work on Guinea’s massive Simandou iron ore mine and infrastructure project is set to restart in March, ...

Mining News Pro - The capsule was recovered after a nearly week-long search involving around 100 people along a 1,400 ...

Mining News Pro - The copper price retreated on Wednesday as weak demand offsetted speculative bets that the end of ...

Mining News Pro - China-backed miner MMG Ltd has placed its vast Las Bambas copper mine in Peru, the world’s second ...

Mining News Pro - Australia’s Fortescue Metals Group on Friday confirmed its Iron Bridge project was on track to begin ...

Mining News Pro - The Brazilian Federal Court has accepted the complaint filed by the Federal Public Ministry (MPF) ...

Mining News Pro - India’s JSW Steel expects its exports to pick up in the current quarter through March, boosted by the ...

Mining News Pro - Democratic Republic of Congo President Felix Tshisekedi criticized a $6.2 billion ...
No comments have been posted yet ...