Iron ore price down despite China’s move to ease covid curbs
"Market participants want to see actual demand rising, rather than officials talking about it."
MINING.COM Staff Writer
Posts by MINING.COM Staff Writer:
Iron ore price up despite gloomy demand outlook
In China's steel production hub, Tangshan city, 56 of the 126 blast furnaces were shut for maintenance, according to Sinosteel.
Iron ore price rebounds after Chinese President pledges to meet development targets
Xi Jinping re-iterated the country’s “social and economic development targets” at a business forum.
Copper price at 16-month low as slowdown fears hit industrial metals market
"The commodity world’s flagship is under fire,” one analyst said.
Iron ore price lowest since December on worries of oversupply of steel in China
Renewed covid restrictions dampening overall domestic demand.
Copper price falls to lowest since March 2021 as recession fears rattle the market
Mining stocks also slid, with BHP Group down almost 10% from the previous week, Glencore down 8%, and Freeport-McMoRan down 16%.
Copper price rises as looming strike in Chile adds to supply worries
Workers at Chile’s state-owned Codelco will start a nationwide strike on Wednesday to protest the government’s and the company’s decision to close a troubled smelter.
Iron ore price sinks amid growing pessimism over demand outlook in China
A raft of supportive policy measures from Beijing over the last couple of months have failed to result in persistent price gains.
Copper price extends decline despite possible Chile strike
The workers at Codelco have complained about a lack of investment at the firm's troubled Ventanas smelter.
Iron ore price hits six-month low on plunging China steel margins
Chinese steel mills are opting to reduce output amid weak profits and deteriorating demand prospects.
Tungsten prices hit 12-year high as China tightens export controls
China supplies over 80% of the world’s tungsten.