China iron ore imports lifted by lower prices, demand hopes
China’s iron ore imports in September rose 2.7% from August and climbed 2.9% from the year before, customs data showed on Monday, as bookings were encouraged by lower prices and hopes for improved demand during the peak construction season.
-
-
Visit: 39
Iron ore price recovers but posts weekly loss as Beijing stimulus uncertainty weighs
Iron ore futures prices rebounded on Friday but logged their first weekly fall in three weeks, as traders cautiously awaited further fiscal stimulus announcements from top consumer China in a key press conference scheduled on Saturday.
-
-
Visit: 36
Dalian iron ore rebounds on fresh China stimulus hopes, seasonal steel demand
Dalian iron ore futures prices rebounded on Thursday, buoyed by hopes of more fiscal stimulus from top consumer China and firmer seasonal demand for steel products.
-
-
Visit: 37
Exuberant iron ore, subdued copper show different sides of China stimulus
China’s significant stimulus measures have kicked the prices of key metals higher, and the gains have largely been sustained even amid a debate as to whether Beijing has actually done enough to boost the world’s second-biggest economy.
-
-
Visit: 76
Iron ore futures surge to nearly 3-month high on China’s fresh property stimulus
Iron ore futures surged for a fifth straight session on Monday, as top consumer China’s latest property stimulus and a raft of monetary easing policies brightened the key steelmaking ingredient’s demand outlook.
-
-
Visit: 58
Iron ore price jumps to over three-week high on China stimulus, soft global supply
Prices of iron ore futures surged on Wednesday to their highest levels in more than three weeks, as a fresh batch of monetary easing policies from top consumer China boosted market sentiment, while lower global supply also lent support.
-
-
Visit: 45
Fortescue electrifies iron ore trucks in $2.8 billion deal
Fortescue Ltd., the world’s fourth-biggest iron ore miner, will pay $2.8 billion to replace two-thirds of its fleet of haulage trucks and equipment in Western Australia with electric versions, as it seeks to cut diesel consumption and meet ambitious emissions-reduction targets.
-
-
Visit: 53
Iron ore price posts steepest daily rise in over 1 year on fresh China stimulus
Prices of iron ore futures surged on Tuesday to log their largest intraday gain in more than a year, as a wave of fresh monetary stimulus from China and restocking ahead of the top consumer’s national holidays lifted market sentiment.
-
-
Visit: 59
Iron ore price hits over 1-year low on soft China demand prospects, firmer supply
Iron ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects of soft China demand amid an uneven economic recovery and stronger supply against fresh monetary easing measures by the world’s top consumer.
-
-
Visit: 60
Rinehart’s Hancock Prospecting secures permit for McPhee iron ore mine
Hancock Prospecting, owned by Australian mining tycoon Gina Rinehart, has received final approval from the Federal Government to develop a new iron ore mine in Western Australia’s Pilbara region.
-
-
Visit: 62
Iron ore price climbs on China stimulus hopes, softer stockpiles
Prices of iron ore futures gained ground on Thursday, as prospects of fresh Chinese monetary stimulus and lower inventories overshadowed concerns of the top consumer’s weakening domestic demand.
-
-
Visit: 74
Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut
Goldman Sachs on Monday cut its iron ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is stabilizing.
-
-
Visit: 79
Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut
Goldman Sachs on Monday cut its iron ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is stabilizing.
-
-
Visit: 61
Vale sees 10% of its iron ore production coming from tailings by 2030
Brazilian miner Vale expects that by 2030 some 10% of its iron ore output will come from the reuse of mine waste known as tailings, an executive told Reuters, reducing the amount of potentially dangerous material still stored in dams.
-
-
Visit: 80
Iron ore price soars to over one-week high on upbeat seasonal demand outlook
Iron ore futures prices surged on Thursday to hit their highest in more than a week, as prospects of improved seasonal demand in China outweighed concerns over the top consumer’s economic recovery.
-
-
Visit: 73
Iron ore price sinks as steel group warns of ‘flash in a pan’ recovery
Iron ore slumped to its lowest level since 2022 and traded near $90 a ton as China’s main steel industry group advised mills to be cautious in boosting output too quickly to avoid snuffing out a post-summer recovery.
-
-
Visit: 79
Liberia conditionally lifts shutdown order on China Union’s iron ore mines
Liberia conditionally lifted a shutdown order on China Union’s iron ore Bong Mines, the government said in a statement on Wednesday.
-
-
Visit: 59
Trafigura strikes $400 million cash-for-iron ore deal With MinRes
Trafigura Group has struck a $400 million prepayment deal for iron ore with Mineral Resources Ltd., as the Australian miner focuses on preserving cash amid a downturn in its two main commodities.
-
-
Visit: 78
Mineral Resources tightens belt after lithium, iron ore prices fall
Australia’s Mineral Resources (ASX: MIN) is slashing costs to ride out the weak lithium price but founder and chief executive Chris Ellison said the company wasn’t panicking.
-
-
Visit: 72
Iron ore’s ‘irrational’ rally past $100 triggers warning from Chinese media
Iron ore has jumped by about 10% in 10 days to breach $100 a ton, prompting the official journal of China’s metals industry to pen a long article on why the gains are overdone.
-
-
Visit: 61
Kumba to invest further $428 million in iron ore processing plant upgrade
South Africa’s Kumba Iron Ore will invest an additional 7.6 billion rand ($428 million) in processing technology that will treble premium quality production at its Sishen mine, it said on Thursday.
-
-
Visit: 70
Vale’s new CEO to focus on boosting iron ore despite weak demand
Vale SA’s next chief executive officer has been tasked with maximizing iron ore output to boost efficiencies at the Brazilian mining giant despite China’s fading appetite for the steelmaking ingredient.
-
-
Visit: 58
Iron ore price rebounds past $100 after Chinese stockpiles shrink
Iron ore extended a rebound with China’s massive inventories of the steelmaking staple continuing to drop, a tentative sign that a period of severe oversupply is starting to ease.
-
-
Visit: 67
Iron ore price hits over 14-month low on weak China property data
Iron ore futures prices extended their declines to a fourth straight session on Thursday, hitting their lowest level in more than 14 months, as persistently weak property data in top consumer China exacerbated pessimism over the demand outlook.
-
-
Visit: 54
Iron ore outlook dims as China inventories, steel output fade
The price of iron ore has dropped for a sixth consecutive week as China’s steel sector continues to struggle and port inventories of the raw material stop rising.
-
-
Visit: 74