Iron ore majors ramp up supply even as China faces challenges

The world’s biggest iron ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the seaborne market even as top user China battles a demand-sapping property crisis.

Iron ore price slumps to 3-week low on weak China demand

Iron ore futures prices slumped to a nearly three-week low on Wednesday, undermined by weak seasonal demand from top consumer China and mounting global supply.

Rinehart’s Hancock weighs $3.3 billion iron ore mine project

Australian billionaire Gina Rinehart’s private company, Hancock Prospecting Pty Ltd., is considering the development of a $3.3 billion iron ore project in Western Australia.

BHP posts second straight year of record iron ore production

BHP Group on Wednesday reported record annual iron ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in Western Australia.

Vale sees iron ore output at high-end of 2024 guidance after Q2 rise

Brazilian miner Vale SA expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter.

Trafigura and Mubadala plan sale of Brazil iron ore port

Trafigura Group and Mubadala Capital are exploring the sale of a Brazilian iron-ore port terminal operator they acquired from former billionaire Eike Batista about a decade ago, according to people familiar with the matter.

Iron ore price heads for weekly fall on profit-taking ahead of key China meeting

Iron ore futures are set for a weekly fall amid a flurry of profit-taking, ahead of top consumer China’s third plenum, although growing expectations of US rate cuts pushed up prices on Friday.

Iron ore price swings higher as traders await Beijing policy signals

Iron ore continued a volatile week of trading, with prices struggling to find direction amid mixed market signals ahead of next week’s big political gathering in Beijing.

Iron ore’s $100 price floor at risk of collapse from jump in supply

Iron ore prices are likely to stay in three digits for the rest of 2024, insulated to a large degree from China’s faltering economy by cost support that kicks in at around $100 a ton.

Iron ore’s $100 price floor at risk of collapse from jump in supply

Iron ore prices are likely to stay in three digits for the rest of 2024, insulated to a large degree from China’s faltering economy by cost support that kicks in at around $100 a ton.

Iron ore price slumps from one-month high as demand concerns persist

Iron ore retreated from a one-month high as investors weighed whether a recovery in Chinese demand will be sustainable.

Iron ore price at 4-week high on firm near-term demand, China stimulus hopes

Iron ore futures prices rose for a fourth straight session on Wednesday to their highest level in four weeks, supported by firm near-term demand in top consumer China and lingering expectations of more stimulus in coming weeks.

The annual general assembly of Gol Gohar Iron and Steel Development Company was held

Mining News Pro - The Annual General Meeting of Gol Gohar Iron and Steel Development Company was held on June 9 with the presence of 100% of the company's shareholders.

Iron ore price falls for a third week on China demand woes

Iron ore futures rose for a second straight session on Friday, supported by higher-than-expected hot metal output, although demand concerns and high portside stocks in top consumer China pushed prices down for a third straight week.

Environmental studies show Serbian lithium project is safe

Anglo-Australian miner Rio Tinto said on Thursday newly published environmental studies showed that its Serbia lithium project, which was stopped in 2022 after massive protests, would be safe for the environment.

Indonesia considers terminating permits for some nickel pig iron production

The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday.

Iron ore price tumbles to 2-month low on concerns over weakening China demand

Iron ore futures fell to a two-month low on Tuesday, weighed down by lingering weak fundamentals and concerns over demand prospects in top consumer China following the latest carbon emission plan for the steel sector.

Iron ore extends gain on easing China demand concern, Fed rate cut bets

Iron ore futures rose for a second straight session on Friday, underpinned by easing concerns over demand prospects in top consumer China and firming bets for a US Federal Reserve interest rate cut in September.

Iron ore price hits seven-week low on softening China steel demand, higher supply bets

Iron ore futures extended their decline to a fifth straight session on Wednesday, hitting a seven-week trough, pressured by faltering steel demand and expectations of higher shipments to top consumer China in June.

Iron ore price tumbles to lowest in six weeks on China demand concerns

Iron ore dropped to the lowest level in more than six weeks on worries over the outlook for Chinese demand, which has been hammered by the protracted property crisis.

Iron ore price slips after China reiterates steel output control

Iron ore futures prices slipped on Thursday, undermined by fears of falling demand in top consumer China in the remainder of the year after Beijing reiterated its stance on continuing to control crude steel output in 2024.

Iron ore price falls to one-week low as weak fundamentals outweigh latest property stimulus

Iron ore futures prices flipped to its lowest level in a week on Tuesday after making gains earlier the session, on investor caution as steel demand remained subdued in top consumer China despite latest property stimulus.

Iron ore price dips as falling China demand

Iron ore futures prices slid on Monday after some investors and traders liquidated long positions to cash in profits on bets of faltering consumption amid seasonally slack steel demand in top consumer China.

Iron ore price hits more than 2-week low on rising inventory

Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports and caution about demand outlook, but property support measures in China lent some support.

Montage Gold receives environmental OK for Koné project

Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals for the development of its Koné project in Côte d’Ivoire.

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