Iron ore price back above $170 as China steel hits record

BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.

Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November 2015 following a deadly tailings dam burst.

Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer

2017-2018 shipment volume and cost guidance was set last August in 9 million-10 million wet tonnes.

Vale said in a securities filing that net income totaled $771 million, compared with an average consensus estimate of $2.537 billion.

Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.

China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.

Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides.

CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.