Simandou iron ore project to restart in March

Mining News Pro - Work on Guinea’s massive Simandou iron ore mine and infrastructure project is set to restart in March, Guinea’s military junta said in a Jan. 30 statement seen by Reuters on Wednesday.

Iron ore price rises while China warns against speculation

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.

Iron ore’s sharp gains catch Beijing’s eye as traders summoned

Mining News Pro - China’s top economic planning body has summoned a group of iron ore traders and asked them to provide details of recent business, a sign that authorities want to head off fresh commodity inflation as the economy rebounds.

Iron ore price rises as more policy support looms in China

Mining News Pro - Iron ore price rose on Monday underpinned by looming additional policy support to shore up the Chinese economy amid its battle to contain covid outbreaks.

Iron Ore Arrivals at Chinese Ports Increased Slightly

Mining News Pro - SMM data showed that a total of 76 ships arrived at major ports in China from May 2 to May 8, carrying 11.81 million mt of iron ore, up 580,000 mt on a weekly basis and 60,000 mt from a year ago.

Say hello to $150 iron ore

China’s reopening could propel iron ore to $US150

Mining News Pro -The gradual reopening of China’s economy through looser COVID-19 restrictions could propel iron ore prices as high as $US150 a tonne by June next year, predicts broker Citi.

China may extend state iron ore buying strategy to lithium

Mining News Pro - BMO Capital Markets picked state control of China’s raw material purchases as one of its key themes of 2023.

Iron ore price jumps on easing restrictions in China

Mining News Pro - Some communities in Chinese cities where covid-19 is still spreading are easing off on testing requirements and quarantine rules ahead of an expected shift in virus policies nationwide after widespread social unrest.

Iron ore price rises on China property support

Mining News Pro - According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $101.60 a tonne Tuesday morning, up 2.8%.

Iron ore price extends rally on China demand hopes

Mining News Pro - The most-traded January iron ore on China’s Dalian Commodity Exchange ended daytime trade 3.3% higher at 753.50 yuan ($105.76) a tonne. Earlier in the session, it hit the highest level since Aug. 1 at 757.50 yuan.

Iron ore price soars as China covid curbs eased despite surge in cases

Mining News Pro - Price benchmarks for steel products and other steelmaking inputs in China, the world’s top steel producer, also stretched gains after authorities announced the measures.

Iron ore’s slump likely to deepen until China’s economy revives

Mining News Pro - Iron ore is one the poorest performing commodities this year, and the rout in prices is only likely to deepen until China’s economy stages a revival.

Iron ore price outlook clouded by global demand woes, supply risks

Mining News Pro - Iron ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply.

Iron ore price outlook clouded by global demand woes, supply risks

Mining News Pro - Iron ore prices are on track to end 2022 at their lowest in the last three or four years and will probably languish next year as well, with China and Europe cutting steel output, while pressure mounts from additional supply.

Iron ore price down as China limits steel output

Mining News Pro - The iron ore price is down as steel mills in China’s top producing province of Hebei have been ordered to limit output, in a bid to ensure blue skies for the once-every-five-year Communist Party Congress that starts in Beijing later this month.

Iron ore price marks quarterly losses on China covid

Mining News Pro - Dalian and Singapore iron ore marked their second quarterly losses, despite some gains on Friday, as worries over a stringent zero-covid policy and property sector jitters in top steel producer China continued to dominate markets.

Rio Tinto, China Baowu to develop Australian iron ore project for $2bn

Mining News Pro - Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region.

Global iron ore output to fall by 2% in 2022

Mining News Pro - Overall, the global iron ore production is expected to grow at a forecast period (2023-2026) CAGR of 2.6% to reach 2,716.9Mt in 2026. Overall, this growth will be primarily driven by Australia and Brazil.

China’s iron ore imports

Mining News Pro - China’s imports of iron ore in August rose 5.5% from the prior month, customs data showed on Wednesday, even as operating rates at blast furnaces only slightly improved.

Iron ore price back above $100 a tonne as Chinese city vows to rescue stalled home projects

Mining News Pro - The iron ore price rose on Thursday after the Chinese city of Zhengzhou said it would start building stalled housing projects.

China’s iron ore imports

Mining News Pro - China’s imports of iron ore in August rose 5.5% from the prior month, customs data showed on Wednesday, even as operating rates at blast furnaces only slightly improved.

Iron ore price down as China’s covid

Mining News Pro - The iron ore price fell on Thursday pressured by worries over fresh covid-19 restrictions and property sector troubles in China squeezing demand for ferrous metals.

Iron ore price below $100 on China steel curbs

Mining News Pro - The iron ore price fell below $100 a tonne for the first time in over five weeks on signs that the crisis in China’s steel industry is worsening.

Iron ore price rises as Chinese steel mills ramp up output

Mining News Pro - The iron ore price rose on Thursday, as Chinese steel mills boosted production.

Iron ore price rises as China cuts lending benchmarks

Mining News Pro - The iron ore price rose on Tuesday after China cut benchmark lending rates and lowered the mortgage reference by a bigger margin in a move to support its property market.

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