Iron ore price craters on Chinese steel output cuts

Mining News Pro - Iron ore prices tumbled on Friday, collapsing under the weight of China’s resolve to reduce steel output in line with its decarbonization drive, and slowing domestic demand for the construction and manufacturing material.

Iron ore price down on China’s forecasted steel output decline

Mining News Pro - Iron ore prices fell on Thursday, pressured by the prospects of a demand slowdown for the steelmaking ingredient in China.

Exuberant Kumba Iron Ore’s stakeholders receive R51bn shared value boost

Mining News Pro - Anglo American group iron-ore mining company Kumba Iron Ore, which has achieved record half-year earnings with great exuberance, has shared a sky-high first-half R51-billion with its spread of stakeholders that take in the fiscus, local suppliers, nearby communities, employees, shareholders and society at large.

Iron ore price regains ground as China steel margins recover

Mining News Pro - Iron ore prices rebounded on Monday after a five-day slump, due to a recovery in steel margins in China.

Iron ore stars in June export figures

Mining News Pro - Australian exports have been upheld by metalliferous ores in June, with the category showing an 8 per cent increase and a fourth consecutive record month.

Iron ore price plunges on China’s move to cut steel production

Mining News Pro - Chinese iron ore price fell for a fourth consecutive session, down more than 7% to its lowest level in nearly three weeks, on prospects of more imports of the steelmaking ingredient and as demand eased on the government’s decision to cut production.

Bad weather may cost Rio Tinto its iron ore crown

Mining News Pro - Rio Tinto reported a 12% fall in quarterly iron ore shipments on Friday after storms affected its West Australian operations.

Iron ore price edges higher on clouded China demand outlook

Mining News Pro - Iron ore prices rose on Wednesday, pressured by concerns about demand prospects for the steelmaking raw material in top steel producer China.

Iron ore price up on China’s export growth

Mining News Pro - Iron ore prices were up on Tuesday after China’s June trade data was released.

Iron ore price up despite high China ferrous scrap imports

Mining News Pro - Iron ore prices continued surging on Monday, propelled by recovering global steel demand.

Rio Tinto to decarbonise iron ore value chain with POSCO

Mining News Pro - Rio Tinto has signed a memorandum of understanding (MOU) with POSCO to explore and develop low-carbon emission technologies for iron ore mining through to steelmaking.

Fortescue produces first green iron ore, part of carbon neutrality goal

Mining News Pro - Fortescue Metals Group said on Tuesday it had produced both green iron and green cement in trials that are part of the miner’s goal to be a top player in the renewable energy market, putting it on track to reach carbon neutrality by 2030.

Fortescue produces first-ever green iron ore

Mining News Pro - Fortescue Metals Group has produced high-purity green iron ore and trialled ammonia-powered freight as part of its Fortescue Future Industries (FFI) renewable energy and industry initiative.

Sabanour Company produced 500 thousand tons of iron ore in 2020

Mining News Pro - Iran’s major iron ore companies produced more than 46 million tons of pellet last year.

Iron ore price down on China steel output curbs

Mining News Pro - Benchmark Dalian iron ore is headed for its second consecutive weekly fall on Friday as China steps up efforts to curb output to meet its carbon emissions goal.

Iron ore price up as China port stocks hit over 8-month low

Mining News Pro - Iron ore prices rose on Monday supported by a decline in portside stockpiles in China.

NT Bullion ships first iron ore from Frances Creek

Mining News Pro - NT Bullion has shipped its first batch of iron ore in six years using processed waste materials at the Frances Creek Mine in the Northern Territory.

Unmanned train to allow Vale to reopen iron ore plant at Xingu dam

Mining News Pro - Vale SA will be able to resume operations at its Timbopeba iron ore dry processing plant in up to two months thanks to the use of an unmanned train, the company said in a statement on Wednesday.

Iron ore price up as Western Australia calls for reset on China ties

Mining News Pro - Australia’s biggest exporting state on Tuesday urged Canberra to stop antagonizing China, the country’s top trade partner.

Fe blasts off at JWD iron ore project

Mining News Pro - Iron ore junior Fe has made another step towards progressing the JWD project in Western Australia after completing its first blast, with the crushing and screening plant to go online later this week.

Iron ore price correction delayed as global steel demand tops 2bn tonnes for first time ever

Mining News Pro - Iron ore prices climbed again on Friday to nearly $220 a tonne and back to within shouting distance of all time highs hit last month.

Dalian iron ore price falls for third session as China steel prices slump

Mining News Pro - Benchmark Dalian iron ore futures fell for a third straight session on Tuesday as a slide in steel prices in China spurred by signs of slowing demand dragged down the raw material.

Rising iron ore supply may cool prices where China jawboning fails

Mining News Pro - China’s seaborne imports of iron ore are likely to have edged higher in May, helping to address the problem Beijing faces in trying to control rising prices in an environment of strong demand for the steel-making ingredient.

Offering 100 thousand tons of iron ore and concentrate in commodity exchange by Chadormalu

Mining News Pro - Chadormalu Mining and Industrial Company will offer 50 thousand tons of concentrate and 50 thousand tons of iron ore in commodity exchange.

Fundamentals to drive iron ore price back to $140 by end of 2021

Mining News Pro - Iron ore price could drop back to around $140 per tonne by end-2021, and $120 per tonne by end-2022 as the market shifts into a surplus, according to Capital Economics latest report.

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