Cleveland-Cliffs clashes with US Steel as sale process gets underway

US Steel has not opened its books to Cliffs even as it accepts initial bids this week, because Cliffs will not agree to its conditions, sources say.

Reuters | September 20, 2023 | 4:31 pm

Copper prices may jump 20%, aluminum by 36% as demand outpaces supply: forecast

Global copper and aluminum supply deficits may cause prices to soar within a few years while steel may drop, according to a new report on metals.

Colin McClelland | September 20, 2023 | 1:46 pm

Fortescue brushes aside worries, says exits show resolute board

Three high-profile executives left the world’s fourth-largest iron ore miner in one week, reviving debate on the company’s plan to be a green-energy powerhouse

Bloomberg News | September 20, 2023 | 5:00 am

Iron ore price extends decline as concerns over Chinese property market persist

Higher domestic supply also weighed on the key steelmaking ingredient.

Staff Writer | September 19, 2023 | 9:17 am

Rio Tinto CEO says Chinese steel demand is close to peaking

China’s appetite for iron ore has picked up in recent months.

Bloomberg News | September 19, 2023 | 7:40 am

Brazil may be responsible for 5% of global annual emissions if all legal mining sites remain active – study

A recent study shows that if all of Brazil’s active legal mining sites continue to operate in the coming decades, emissions will total an estimated 2.55 gigatonnes of carbon dioxide equivalent due to loss of vegetation and soil.

Staff Writer | September 19, 2023 | 6:06 am