Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars and weather disruptions that also led to a slight cut in its outlook for annual shipments.

Tuesday, April 23, 2024 - 18:52:44

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Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week.

Monday, April 22, 2024 - 22:43:41

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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.

Thursday, April 11, 2024 - 22:38:15

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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.

Wednesday, April 3, 2024 - 19:43:17

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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.

Tuesday, April 2, 2024 - 23:52:30

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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.

Tuesday, April 2, 2024 - 19:33:07

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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.

Monday, March 25, 2024 - 21:56:17

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

Monday, March 25, 2024 - 21:47:28

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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.

Monday, March 25, 2024 - 03:35:32

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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.

Wednesday, February 28, 2024 - 22:36:48

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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.

Tuesday, February 27, 2024 - 19:47:54

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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.

Monday, February 26, 2024 - 19:21:51

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

Thursday, February 22, 2024 - 22:41:24

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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.

Tuesday, February 20, 2024 - 19:34:40

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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.

Monday, February 19, 2024 - 19:17:13

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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.

Monday, February 19, 2024 - 19:15:32

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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.

Tuesday, February 13, 2024 - 16:11:25

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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.

Tuesday, January 30, 2024 - 21:37:08

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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.

Tuesday, January 30, 2024 - 21:25:49

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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.

Thursday, January 25, 2024 - 22:44:22

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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.

Monday, January 22, 2024 - 23:00:40

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Iron ore futures prices retreated on Wednesday as weak economic data from top consumer China weighed on investor sentiment.

Thursday, January 18, 2024 - 19:23:29

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Rio Tinto Group, the world’s top iron ore exporter, sees increased stimulus measures in China driving the broader economy into a gradual recovery this year.

Thursday, January 18, 2024 - 19:13:28

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Iron ore futures prices dropped for a second consecutive session on Monday as top consumer China defied market expectations and stood pat on its medium-term interest rate, leaving traders disappointed.

Tuesday, January 16, 2024 - 22:58:30

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Rio Tinto on Tuesday reported full-year shipments of 331.8 million metric tons, up 3% on the year as it leans on greater efficiencies and higher production from its Gudai-Darri mine in Western Australia.

Monday, January 15, 2024 - 22:45:24

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