Iron ore price slumps to 3-week low on weak China demand, strong global supplyProperty investment in China fell 10.1% in the first half of 2024 from a year earlier.Reuters | July 17, 2024 | 7:31 am
Fortescue cuts 700 jobs, slows down green hydrogen plansFortescue is revising plans to become a major green hydrogen…Cecilia Jamasmie | July 17, 2024 | 6:09 am
Rinehart’s Hancock weighs $3.3 billion iron ore mine projectHancock acquired a 51% interest in the Mt Bevan project…Bloomberg News | July 16, 2024 | 3:59 pm
As Rio Tinto strives for ‘impeccable ESG’, investors raise water issues Rio faced demands from shareholders at its annual meeting on Thursday to come clean on environmental issues. Reuters | April 4, 2024 | 11:26 am
Column: China PMI boosts sentiment, but commodity imports may have front-run The return of China's key manufacturing index to positive territory for the first time in six months has sparked optimism. Reuters | April 3, 2024 | 7:54 am
Chinese iron ore price dips but rises on a weekly basis China's property crisis has dragged down demand for steel products. Reuters | April 3, 2024 | 7:32 am
US Steel union rejects Nippon Steel’s appeal for takeover support In December, Nippon agreed to buy US Steel for roughly $15 billion but the deal faces an uphill battle to approval amid bipartisan opposition in a US election year. Reuters | April 2, 2024 | 12:25 pm
Senators raise concerns over Nippon Steel’s China ties amid US Steel takeover bid Democrat Sherrod Brown has urged President Biden to investigate Nippon Steel’s business dealings in China, according to the Financial Times. Staff Writer | April 2, 2024 | 9:17 am
Iron ore’s reset to $100 heralds China’s new economy shift Iron ore’s weakness comes amid tentative signs that the wider economy is beginning to heal. Bloomberg News | April 2, 2024 | 7:41 am
Electra commissions clean iron pilot plant Electra announced the commissioning of a pilot plant to produce metallic iron from already mined, high-impurity ores. Staff Writer | April 2, 2024 | 6:06 am
Iron ore price swings near $100 as traders mull fragile China recovery Disappointment over demand has coincided with a period of relatively abundant supply. Bloomberg News | April 1, 2024 | 7:23 am
Nippon Steel emphasizes its ‘deep roots’ in the US as it pursues US Steel deal The Japanese firm has agreed to buy US Steel for roughly $15 billion but the deal faces an uphill battle for approval in a US election year. Reuters | March 31, 2024 | 10:56 am