Steel, Iron Ore Price: Mining Group ‘Cautiously’ Optimistic On China, Global Economy
Iron Ore price fell in April 2022 to a current level of 151.25, down from 152.07 last month and 179.83 one year ago. This is a change of -0.54% from the previous month and -15.89% from one year ago. Iron ore prices fell amid fears of the increasing number of cases of COVID-19 in Beijing, China.
Rebar stockpiles grew from 3.37 million tons at the start of the year to 11.6 million
Considering that the current price of 62 percent iron ore for delivery to north China is once again near to $150 a ton, as evaluated by commodities price monitoring agency Argus, it’s not hard to understand why Beijing wants to decrease the price of steel raw material.
Mining Firms allowed to increase iron ore exports from Port Hedland
After a long-awaited assessment of the facility’s export capability, Port Hedland, Australia’s most profitable export business, will be allowed to boost its iron ore exports significantly.
China’s total iron ore imports from Australia may fall below 60% in 2022
In China’s total iron ore imports, Australian iron ore will fall below 60 percent in 2022. Due to weather disruptions and labor shortage worries, Australian iron ore shipments to China remained robust in January despite rising market prices.
Labor Shortages And Delays, Rio Tinto Predicted Lower 2022 Iron Ore Exports
The Gudai-Darri project’s new greenfields mine has been delayed, resulting in a somewhat weaker-than-expected iron ore shipping prediction from Rio Tinto on Tuesday. According to a statement from the world’s largest iron ore producer, it aims to export between 320 and 335 million tonnes (Mt) of iron ore out of the Pilbara area in Western […]
Anglo American Acknowledged Conversations With Vale Regarding Serpentina Iron Ore
Both companies have held early conversations regarding the possibility of developing Vale’s Serpentina deposit, which is adjacent to Anglo American’s Minas-Rio iron ore plant in Brazil, together, according to Anglo American’s press release. While Anglo did not disclose the specifics of its “processing and logistical infrastructure,” Vale has said that the cooperation might use Anglo’s […]
Iron Ore: A 2021 brief and is ahead in 2022
In 2021, the price of iron ore took a wild journey. In May, prices soared to a high of $237 per tonne before plummeting to around $85 in November on China’s vow to cut steel production. The iron ore price surge was considered to be over in November. However, in recent weeks, the metal has […]
China’s Growth Engine Declining: Iron Ore Too Not Very Bright
It’s been a year unlike any other. Iron ore, a leading indicator of the Chinese economy and a major driver of the Australian currency, is enjoying its wildest year ever. Prices soared to a high of more than $230 a tonne in May, plummeted to around $85 in November as a result of a government […]
UK Hochschild Mining Opposing Peru’s Intentions To Close Multiple Mines
Hochschild Mining, a British mining concern, will challenge Peruvian government plans to speed up the closure of numerous mines in the southern Ayacucho area due to environmental concerns. Hochschild owns Pallancata and Inmaculada, which account for 80% of the British company’s yearly gold and silver output. The firm expects to generate more than 60% of […]
On November 10, 1975, The Edmund Fitzgerald Sank In Lake Superior During A Storm
November 10, 1975, saw the tragic sinking of the SS Edmund Fitzgerald, an American Great Lakes freighter. She was a giant Great Lakes ship when she was launched on June 7, 1958, and she is still the largest to have sunk there. Two huge chunks of her were discovered in deep water by a U.S. […]
