Iron Ore Top Stories

China scoops up cheap Indian iron ore in bid to trim steel costs

Indian iron ore exports have surged as steel mills switched to lower-grade, cheaper feed in the face of dwindling profits.

Bloomberg News | September 26, 2023 | 8:17 am

Iron ore price at 2-week low on possible steel output curbs

"It becomes increasingly clear that demand has hit the ceiling…

Staff Writer | September 25, 2023 | 11:01 am

LG Chem with Huayou to make battery materials in Indonesia, Morocco

The plant, set to start production in 2026, aims to…

Reuters | September 23, 2023 | 8:53 pm

US Steel draws interest from small Canadian rival it once owned

Stelco is in talks with a potential partner on its…

Bloomberg News | September 22, 2023 | 1:47 pm

Iron ore price falls despite China’s support measures

Moody's on Thursday revised its outlook on four Chinese real…

Staff Writer | September 22, 2023 | 9:49 am

Ford’s flurry of supply deals gives iron a starring role in EVs

Ford Motor Co.’s new laundry list of battery-metals suppliers reads like a who’s who of the mining world, spanning the globe from Argentine lithium to Indonesian nickel.

Bloomberg News | July 22, 2022 | 1:28 pm

Researchers figure out how to accurately detect compounds in rocks

In just one-millionth of a second, it is possible to capture the elements that make up a sample.

Staff Writer | July 22, 2022 | 6:06 am

Iron ore price back below $100 on clouded China demand outlook

Risks from lockdowns have prompted the Asian Development Bank to lower its economic growth forecast for China this year to 4.0%.

MINING.COM Staff Writer | July 21, 2022 | 10:34 am

Australian iron ore miners cautious on China’s plan to centralize buying

The new company is expected to coordinate procurement of imported iron ore, develop domestic iron ore resources, and oversee development of mines overseas.

Reuters | July 21, 2022 | 7:43 am

Sundance Resources submits claim in iron ore dispute with Congo Republic

Sundance is seeking $8.8 billion in damages over the Mbalam-Nabeba project.

Reuters | July 21, 2022 | 7:38 am

BHP not concerned about China’s plan to centralize iron ore buying

China is planning a state-backed iron ore company to oversee everything from massive mine investments in West Africa to buying the steelmaking material from global suppliers.

Reuters | July 20, 2022 | 7:52 am

Rio Tinto settles dispute with Australian Tax Office, to pay additional $423m

The dispute arose back in 2015 after Rio and its rival BHP Group were accused of shifting billions of dollars in iron ore profits through marketing hubs in Singapore.

Reuters | July 20, 2022 | 7:04 am