Aluminum, steel most exposed metals to Trump tariffs, Citi says

A 25% tariff as announced by Trump on Monday would likely cause steel prices to rise by $100 to $150 a short ton, the analysts said.

Bloomberg News | November 26, 2024 | 2:42 pm

Iron ore price rises on firmer steel outlook, but trade tensions cap gains

Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.

Reuters | November 25, 2024 | 10:45 am

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.

Staff Writer | November 24, 2024 | 10:05 am

US bars more food, metal imports over China’s alleged forced labor

US authorities say Chinese authorities have established internment camps for Uyghurs and other religious and ethnic minority groups.

Reuters | November 22, 2024 | 8:01 am

Sierra Leone woos miners to clean energy with $11 billion plan

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.

Bloomberg News | November 21, 2024 | 7:35 am

Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit

The transaction is expected to close in early 2025.

Reuters | November 21, 2024 | 7:22 am

Beleaguered Ellison faces MinRes shareholders

The board of under-siege Mineral Resources faced grilling in Perth over a governance scandal, amid unexpected expressions of support.

Kristie Batten | November 21, 2024 | 6:04 am

Iron ore price at one-week high on softer dollar, pre-holiday stocking

Underpinning prices is some mills kicking off buying seaborne cargoes to meet their production needs over the week-long Chinese New Year holiday break in January.

Reuters | November 19, 2024 | 6:41 am

Nippon Steel not to import from overseas mills in bid to save US Steel deal

Nippon is looking to close its $14.9 billion deal for US Steel by the end of the year.

Reuters | November 18, 2024 | 12:23 pm

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Iron ore price hits five-week low as traders fret about Chinese demand

Iron ore price reverses to losses as weakening China steel consumption drags

Nippon Steel revises closing date for US Steel acquisition

Trade spats to curb industrial metals demand: BMO

Iron ore price rises on pre-holiday restocking, China stimulus hopes

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