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.

Iron ore price falls as property crisis threatens to drag down steel industry

Mining News Pro - China’s property market, which is already grappling with a debt crisis and weak demand, has been further rocked recently by a mortgage boycott.

Iron ore price falls as traders weigh demand prospects in China

Mining News Pro - The iron ore price fell on Friday as traders weighed demand prospects in China.

Iron ore price rises on improved China steel margins

Mining News Pro - Iron ore prices rose on Monday, extending their gains as improved steelmakers’ margins in China encouraged mills to gradually restart idled blast furnaces and boost imports of the steelmaking ingredient.

Baffinland to terminate 1,100 workers at Mary River iron ore mine

Mining News Pro - Baffinland Iron Mines has sent termination notices to over 1,100 workers at Mary River iron ore mine, in Canada’s Nunavut territory, as the company’s request to increase production to 6 million tonnes through to the end of the year and an expansion application have yet to be answered.

Iron ore price falls as property crisis threatens to drag down steel industry

Mining News Pro - The iron ore price fell on Wednesday as a crisis engulfing property developers in China outweighed improving margins at mills.

Chadormalu's CEO;

We are looking for new sources of iron ore

Mining News Pro - After visiting different sectors of the mining complex, chief executive of Chadormalu Company mentioned that Chadormalu’s has an important role in Iran’s national economy.

Rio Tinto inks deal to unlock huge Simandou iron ore project

Mining News Pro - Rio Tinto Group said it’s formed a joint venture with the Guinea government and Winning Consortium Simandou to develop infrastructure including a railway and port in a breakthrough that should help unlock the world’s biggest untapped iron ore deposit.

49 percent surge in Sangan iron ore extraction

Mining News Pro - By extracting 5.99 million tons of iron ore during the first quarter of this year, Sangan Complex recorded a 49% increase in the extraction of this mineral compared to the same period last year.

Goldman warns China’s property crisis will sink iron ore price

Mining News Pro - The crisis engulfing China’s property sector will help swing the iron ore market to a significant surplus over the second half of the year and push prices sharply lower, according to Goldman Sachs Group Inc.

Goldman warns China’s property crisis will sink iron ore price

Mining News Pro - The crisis engulfing China’s property sector will help swing the iron ore market to a significant surplus over the second half of the year and push prices sharply lower, according to Goldman Sachs Group Inc.

China plans iron ore giant to assert market control

Mining News Pro - China is planning a state-backed iron ore company to oversee everything from massive mine investments in West Africa to buying the steelmaking material from global suppliers, according to people familiar with the matter.

Iron ore price rebounds as China’s exports grow

Mining News Pro - The iron ore price rebounded on Wednesday after data showed China’s exports grew at a faster-than-expected pace in June.

Iron ore price down on growing fears of weak demand in China

Mining News Pro - The iron ore price fell on Monday on growing fears of weakening demand for the raw material in China.

Iron ore price down as China’s steel industry sounds alarm over crisis conditions

Mining News Pro - China’s steel mills are sounding the alarm over crisis conditions in the industry as margins plunge due to weak demand.

Iron ore price tumbles as China’s demand outlook darkens

Mining News Pro - Iron ore prices tumbled on Monday, weighed by a gloomy demand outlook in China, where many steel mills are nursing losses and cutting production.

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