Metal prices to fall in 2023 — World Bank

Fitch Ratings said the costs of iron ore and coal were likely to remain high in 2022.

Guinea's mines minister has said the railway and port infrastructure must be completed by 2024, and commercial production must start by 2025.

There was strong demand, but customers also wanted to show solidarity with Ukraine, CEO said.

The exchange also said it would raise the margin requirement for speculative trading of iron ore contracts for May and September deliveries to 15%.

The collapse of a tailings dam at Vale's Corrego do Feijao mine in Brumadinho released a mudflow that killed 270 people in January 2019.

A deep divide is opening up as investors focus their hopes on commodity exporters in the Middle East and Latin America.

Guinea's junta has reached an agreement with Rio Tinto and a Chinese-backed consortium to resume activities at Simandou.

Almost 80% of the Chinese economy has been affected in some way by the worst outbreak of covid-19 in two years.

The Tangshan government implemented a temporary lockdown on Tuesday to avoid further cases of covid-19 as infections surged.