Iron ore price drifts higher as soft China data triggers stimulus hopes

Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed hopes of more stimulus in the second quarter to underpin its economy.

The ritual of tree planting and the beginning of the afforestation project of Gol Gohar Iron and Steel Development Company

Mining News Pro - The ceremony of commemorating the tree planting day and the beginning of the afforestation project and the improvement of the green space of Gol Gohar Iron and Steel Development Company was held this morning by planting a tree in this company.

Iron ore’s reset to $100 heralds China’s new economy shift

Iron ore’s reset to around $100 a ton is indicative of a broader reshaping of China’s commodities markets that favors the new economy over the old.

Iron ore price swings near $100 as traders mull fragile China recovery

Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic recovery may be starting to gain traction countered weakness in the steel market.

Iron ore price swings near $100 as traders mull fragile China recovery

Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic recovery may be starting to gain traction countered weakness in the steel market.

Iron ore price edges higher on hopes of China’s demand recovery

Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market.

Iron ore hit by fresh selling as traders fret over China demand

Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese demand. Base metals also fell.

Iron ore price set for weekly gain on prospects of improving China demand

Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top consumer China amid signs of improving steel consumption.

Precious metals may be replaced by iron, manganese, cobalt in “green” catalysts

A researcher at the Leibniz Institute for Catalysis in Rostock has developed new methods for the synthesis of drug precursors using catalysts made of iron, manganese and cobalt.

AI can potentially estimate global environmental destruction due to road development for mining

Recent tests of an AI system showed that it can detect how poorly regulated road development for mining, logging and land clearing is triggering dramatic increases in environmental disruption.

Bearish demand expectations challenge iron ore’s price resilience

Iron ore prices, long resilient despite China’s gloomy economic outlook, have tumbled since the end of the Lunar New Year holiday, sparking concerns around faltering demand and denting mining stocks in top producer Australia.

Rio Tinto gets $13 million from Canada to decarbonize iron ore processing

Rio Tinto said on Monday that the Canadian government had awarded it C$18 million ($13 million) to decarbonize iron ore processing in Labrador West.

Iron ore price slides to 4-month low on higher China inventories, slow construction

Iron ore futures tumbled on Monday to their lowest level in four months as higher inventories in key buyer China and slower construction activity due to unfavourable weather raised demand concerns.

Vale sees no indication of environmental breach at suspended mines

Brazilian miner Vale does not see signs of environmental or social breach at two of its mines whose operating licenses were suspended this week, Vale Base Metals chair Mark Cutifani said on Friday.

Iron ore boom of the 2000s repeating – this time with critical metals

A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.”

Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fall

Kumba Iron Ore shares fell more than 5% on Tuesday after it announced plans to cut about 490 jobs, following a reduction in production as it struggles to overcome South Africa’s persistent rail bottlenecks.

Iron ore price slides as rising stocks, weak steel margins blur demand outlook

Iron ore futures prices slipped on Monday, as traders took a cautious stance after rising stocks and weak steel margins counteracted with hopes that demand will pick up in top consumer China following a week-long Lunar New Year holiday break.

Australia’s iron ore giants to lean conservative on dividends, analysts say

Australia’s iron ore majors are expected to limit dividend payouts in their half-year results this week, keeping cash on hand for large capital spending on energy transition-linked growth, analysts said.

BHP Australia iron ore train drivers to strike for 24 hours

Iron ore train drivers at BHP Group’s Pilbara operations in Western Australia have voted to strike on Friday in a bid to secure an improved employment agreement, the country’s Mining and Energy Union said on Monday.

Portuguese prosecutors seek to annul environment permit for Savannah lithium mine

Portuguese prosecutors have asked a judge to annul an environment permit for a lithium mining project being developed by London-based Savannah Resources, alleging various legal infringements, a court document seen by Reuters showed.

China Baowu raises $1.4bn via bond, mostly for Simandou iron ore project

The world’s largest steelmaker China Baowu Steel Group has raised 10 billion yuan ($1.4 billion) from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday.

Vale’s 2023 iron ore output tops guidance, but sales fall

Vale’s iron ore production grew 4.3% in 2023, topping the Brazilian miner’s estimate for the year, while shipments of the commodity fell slightly, the company said on Monday.

The 5% taxes on the export of sponge iron remains in place

Mining News Pro - Khuzestan Steel Sales Vice President said: From the beginning, we did not have 20% tax for the export of sponge iron, and until today we have exported this product with 5%, which of course, this percentage is not reasonable even in the summer when we have a surplus of products.

Fortescue posts drop in second-quarter iron ore shipments

Australia’s Fortescue on Thursday posted a 1.4% fall in second quarter iron ore shipments, due to ongoing maintenance activities at some of its key projects in Western Australia.

Iron ore price consolidates as traders ponder demand outlook

Iron ore futures were in a tight range on Monday, with the Dalian benchmark ticking up and Singapore prices receding, as investors pondered the demand outlook in the absence of an expected monetary easing in top consumer China.

Esfahan Mobarakeh Steel co.
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