Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Bucyrus has delivered five CL10C compact loaders to China Shenhua Energy Co for operation in the longwall mines managed by Shenhua Shenfu-Dongsheng Coal Co. The 10 t capacity loaders are the first electronically controlled diesel vehicles supplied to the Chinese underground coal mining industry. They are designed to raise loads to a height of 1 m directly onto the cookie plate via the hydraulic winch, and can be used in a wide range of applications including general mine transportation and maintenance work, longwall installations and relocations, cabling and piping installation and stone dusting. (more…)