China’s economic slowdown woes dent benchmark iron ore price

Mining News Pro - The iron ore price retreated on Thursday as Chinese downstream demand remained muted, while investors fretted over cues that the world’s second-largest economy is contracting in the second quarter amid covid-fuelled chaos.

China stimulus, supply worries fire up iron ore

Mining News Pro - Iron ore prices cheered China’s decision to cut its benchmark interest rate for mortgages by an unexpectedly wide margin, and there are several factors that suggest a renewed rally is on the cards.

Iron ore price up on supply woes, easing China covid curbs

Mining News Pro - Iron ore price rose on Tuesday supported by supply concerns and shrinking portside inventories, while the easing of some covid-19 curbs in China also lifted trader sentiment.

Iron ore price set for biggest weekly drop since February on covid restrictions

Mining News Pro - The iron ore price headed for its biggest weekly drop since mid-February as China’s spreading virus restrictions and worsening property crisis prevented a recovery in demand.

Sinosteel signs $690 million deal for Cameroon iron ore mine

Mining News Pro - China’s Sinosteel Corp. has signed a $690 million contract to exploit an iron ore mine in southern Cameroon amid a push to cut Chinese reliance on Australian and Brazilian ore.

Iron ore price at near 4-month low on interest rate, demand concerns

Mining News Pro - The iron ore price dropped nearly 7% on Tuesday, fuelled by concerns about higher interest rates and still-stagnant demand from China.

Sinosteel signs $690 million deal for Cameroon iron ore mine

Mining News Pro - China’s Sinosteel Corp. has signed a $690 million contract to exploit an iron ore mine in southern Cameroon amid a push to cut Chinese reliance on Australian and Brazilian ore.

Iron ore price tumbles as covid curbs in China fuel demand concerns

Mining News Pro - The iron ore price plunged on Monday as stringent covid-19 restrictions prompted traders to be cautious and fuelled concerns over global demand.

Iron ore price drops as investors monitor demand in China

Mining News Pro - The iron ore price fell over 4% on Friday as risk aversion across financial markets escalated and investors assessed the demand prospects in top consumer China.

Copper, iron ore yet to reflect China’s weakening industrial outlook

Mining News Pro - The slump in China’s main manufacturing sentiment index has yet to be fully reflected in prices for key metals, which remain well above levels seen during previous bouts of weakness in the industrial sector of the world’s second-largest economy.

Iron ore price up as China vows to support economy

Mining News Pro - The iron ore price rebounded on Tuesday after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak.

Iron ore price plunges nearly 9% on demand woes

Mining News Pro - The iron ore price plunged on Monday on fears that the fast-spreading omicron strain of the covid-19 virus has taken hold in Beijing, and that ever more areas of the country are threatened by the severe restrictions that have paralyzed the financial hub of Shanghai.

Rio Tinto iron ore shipments drop on covid delays

Mining News Pro - Rio Tinto on Wednesday reported lower-than-expected iron ore shipments in the first quarter and warned of risks from sustained high inflation, a resurgence of covid-19 lockdowns in China and a prolonged Russia-Ukraine war.

Vale reports decrease in Q1 iron ore output

Mining News Pro - Brazilian miner Vale SA first-quarter iron ore production fell 6.0% from the previous year, hit by heavy rainfall in January in Minas Gerais state which curbed its main production.

Iron ore price retreats as China vows to cut steel output in 2022

Mining News Pro - The iron ore price fell on Tuesday after a spokesperson for China’s state planner said the country would keep reducing steel output this year.

Iron ore price rises on hopes of Chinese stimulus measures

Mining News Pro - Iron ore price rose on Thursday as investors looked for Chinese government measures to uplift its economy reeling from a recent resurgence in covid-19 cases.

Iron ore price slumps on covid-19 restrictions in China

Mining News Pro - The iron ore price fell on Monday, tracking lower raw material prices as still stringent covid-19 related measures in China dented market sentiment and fuelled worries that the recovery in the world’s second-largest economy might lose steam.

How long will Australia dine out on its iron ore?

Mining News Pro - Iron ore and coal to drive $425 billion windfall for resources exports in 2021-22 according to Canberra forecasters

Sangan Mining Complex supply 11.5 million tons of granulated and lump iron ore

Mining News Pro - Sangan Mining Complex has supplied 11.5 million tons of granulated iron ore for the Iranian companies last year.

Iron ore price extends rally on China post-lockdown demand expectations

Mining News Pro - Iron ore prices rose on Wednesday as markets expect robust restocking demand in China when covid-19 restrictions are lifted.

Guinea reaches deal with miners to resume Simandou iron ore development

Mining News Pro - Guinea’s ruling junta has reached an agreement with Rio Tinto and a Chinese-backed consortium to resume activities at the huge Simandou iron ore deposit, the mines minister said, after resolving infrastructure disputes.

Sweden gives go-ahead for northern Kallak iron ore mine

Mining News Pro - Sweden’s government gave a qualified green light on Tuesday to Britain’s Beowulf Mining to proceed with plans for an iron ore mine in the far north that has been opposed by indigenous people over its environmental impact.

Iron ore price retreats while BofA sees risk of market deficit in 2022

Mining News Pro - Supply disruptions from Russia and Ukraine may push the iron ore market into deficit in 2022, analysts at Bank of America said in a note.

Iron ore price rises on Russia-Ukraine supply risks

Mining News Pro - Iron ore price rose on Wednesday on hopes that the Russia-Ukraine conflict will boost demand for Chinese steel overseas.

China plans sharp increase in overseas iron ore output by 2025

Mining News Pro - China plans to raise its equity output of iron ore in overseas mines to 220 million tonnes by 2025 as well as increase domestic raw material supplies, state-backed China Metallurgical News said on Tuesday.

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