Blow to iron ore price as Chinese steelmakers opt for scrap
Chinese furnaces make the most of slump in domestic prices to double scrap charge rates which could displace as much as 70 million tonnes of iron ore.
Rio Tinto launches new debt reduction programme
The company said that today’s announcement is part of its…
BSGR may have to pay $1.2bn for no show at Simandou-related hearing
The company, which could lose the arbitration as a result,…
Rio Tinto says it wants to help Australian small businesses
The change will apply to more than 5,500 Australian suppliers…
China’s building a mega city from scratch – it’s going to suck in lots of steel, copper
Forget One Belt, One Road, the impact of Xiongan New…