China may require Rio Tinto to lower iron ore price by 82%

Steel consumption has seasonally slowed, denting appetite for feedstocks including iron ore.

The world's imports increased a modest 3.6% to a record high in 2024, however the boost was nearly totally driven by China.

Committee of Ministers said it unanimously rejected the $2.5 billion project in agreement with citizen concerns over biodiversity impacts and worries about potential spills.

Fortescue also aims to make all its iron ore products green by 2030.