Why is Rio Tinto stock declining 35% as iron ore prices plummet?

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According to state officials, (NYSE: RIO) has lost more than 11% of its value in the previous month and is now trading at $76 per share. The stock’s recent slide has been fueled by a dramatic reduction in global iron ore prices. During the beginning of September 2021, the price of iron ore per dry […]

China’s greenfield iron ore plant will use stirred mill technology from Metso Outotec

One of Metso Outotec’s “Planet Positive” mineral processing orders is several energy-efficient stirred mills for installation at a new iron ore plant in Liaoning Province, north-eastern China. The stirred mill installation, which will generate 11 megawatts of electricity, is the world’s largest stirred mill array. This order appears as a September quarter order received in […]

BHP warns exceptional iron ore price of the past to wane

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Regarding China’s decreasing steel output and its current coronavirus epidemic, Anglo-Australian miner BHP warned that the exceptional iron ore prices of the past might be on the wane. Since mid-July, iron ore prices have plummeted by 40% because of fears about China’s demand for half of the world’s steel consumption. Australia and Brazil, which are […]

Shipments of Vale Iron Ore (Northern Brazil) are at their Lowest Level in 4 Years

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Vale iron ore shipments from the Ponta da Madeira port in So Lus, Northern Brazil, were 21% lower than projected, in July. Ponta da Madeira is one of the world’s major iron ore and manganese loading terminals, and it’s where Vale ships their premium Carajas ore.The terminal has a nominal loading capacity of roughly 230 […]

India’s low-grade iron ore key behind spurt in export demand

low grade iron ore

Even as Lockdowns across the world have crippled manufacturing activity, India’s exports of iron ore, essential to the outcome of steel, have been flourishing. Under pressure Steel furnaces running when demand for finished steel products has come to a standstill, steelmakers across the world have turned to cheap, low-grade iron ore exported by India to […]

Iron Ore Price boosted as a result of Resilient China Steel Production.

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Iron ore prices edged higher last week thanks to a near 1% rise on Friday despite news of the record fall in Chinese economic growth in the March quarter. The Price of 62% Fe Fines delivered to northern China increased 80 cents on Friday to $US86.17 a tonne, up from $US85.60 last Thursday before the […]

A plan has been submitted to explore a state-owned nonferrous metals lease.

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Talon Nickel (USA) LLC (Talon) proposed a proposal to search for metallic mineral deposits on leased state mineral rights north of Tamarack, Minnesota, in Aitkin County. Since the early 2000s, Kennecott Exploration Company (Kennecott) and Talon have been exploring this field. At planned and historic boring sites, Talon’s exploration strategy calls for down-hole geophysical surveys […]

Imports of iron ore from China will set a new high in 2020

iron ore

China’s iron ore imports reached a new high of 1.17 billion metric tonnes in 2020, with an average import price of $101.7 per tonne, up 7.3 percent year on year, according to analysts, reflecting strong demand in the downstream steel industry and the Chinese economy’s continued and steady recovery. According to the General Administration of […]