MINING.COM

China’s demand for metals has wavered as inventories pile up

Copper held in warehouses tracked by the Shanghai Futures Exchange surged 28% last week and have more than quadrupled this year.

Bloomberg News | February 21, 2022 | 8:59 am

China plans state-backed platform to buy iron ore

Beijing wants all purchases of the steelmaking material conducted through a single state-backed platform that’s under preparation, according to Bloomberg sources.

Bloomberg News | February 21, 2022 | 8:47 am

China to boost commodity price supervision in push for industrial growth

China's state planner will take steps to stabilise the commodity market and hasten construction of new infrastructure, it said on Friday.

Reuters | February 18, 2022 | 7:52 am

BHP’s iron ore profits show why Beijing wants to talk the price down

If an average price of $130 a tonne is assumed for the first half of 2022, it implies that BHP is making $50 a tonne more than what Beijing might deem reasonable, writes Clyde Russell.

Reuters | February 17, 2022 | 7:35 am

Fortescue Metals first-half profit drops 32% as costs weigh

The miner posted an underlying net profit of $2.78 billion, compared with $4.08 billion a year earlier.

Reuters | February 15, 2022 | 3:07 pm

Chart: Bulk commodities most affected by Russia-Ukraine conflict

Woodmac flags growing commodity supply chain inefficiencies as Russia-Ukraine geopolitical tensions simmer.

MINING.COM Staff Writer | February 15, 2022 | 11:39 am

Iron ore price plummets 9% as China warns traders to avoid fake pricing

Several iron ore companies were reportedly called to a meeting with the economy’s top planning body in Beijing.

MINING.COM Staff Writer | February 15, 2022 | 9:46 am

BHP first-half profits beat estimates and triggers talk of M&A

The world's no.1 miner had a busy six months marked by sweeping changes, including selling its $13 billion petroleum business and a listing unification, while managing pandemic-related disruptions to its business.

Reuters | February 14, 2022 | 2:31 pm

Vale backs out of $1.2 billion bribery trial against Beny Steinmetz

The mining giant backed out after its lawyer told the High Court on Monday that its claim was brought out of time.

Bloomberg News | February 14, 2022 | 12:09 pm

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