Column: Commodity forecasts are absurd, but China is key as Ukraine fades

The taxes will affect Russian producers of steel, coking coal and fertilisers, as well as mixed ore.

Operations at Solomon Hub had been suspended pending a full investigation.

Sunday’s accident at the Sudbury mine is particularly jarring for a company still trying to reinvent itself as a responsible corporate citizen.

Prices of iron ore are set to average below $100/t next year, state department says.

Downstream consumption for stainless steel has been constrained in China, especially in Guangdong province.

Seven claimants are demanding around half a million euros in damages from the company.

China’s massive industrial base has been wrestling with sporadic jumps in power prices and usage curbs since March.

China is in the grip of a power crunch as a shortage of coal supplies, toughening emissions standards and strong demand from manufacturers and industry have pushed coal prices to record highs.

Australia’s iron ore companies are turning to Olympic-sized swimming pools, virtual golf arcades and fine dining.