Iron Ore Top Stories

Iron ore price rises on firmer steel outlook, but trade tensions cap gains

Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.

Reuters | November 25, 2024 | 10:45 am

Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI

Looking beyond 2024-2025, BMI analysts maintained their view that iron…

Staff Writer | November 24, 2024 | 10:05 am

US bars more food, metal imports over China’s alleged forced labor

US authorities say Chinese authorities have established internment camps for…

Reuters | November 22, 2024 | 8:01 am

Sierra Leone woos miners to clean energy with $11 billion plan

Most mining firms rely on their own diesel supplies to…

Bloomberg News | November 21, 2024 | 7:35 am

Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit

The transaction is expected to close in early 2025.

Reuters | November 21, 2024 | 7:22 am

Simandou to mine first cargo by end of 2025

With annual production capacity of 120 million metric tons, the Guinea is set to be the world's largest mine for the highest grade of iron ore.

Reuters | October 30, 2024 | 12:37 am

Australia risks losing its iron ore dominance, Fortescue CEO says

Australia is the world's biggest supplier of seaborne iron ore, accounting for around half of global supply.

Reuters | October 28, 2024 | 5:54 pm

Vale, Jinnan invest $627m in iron ore plant in Oman

Facility in the port city of Sohar will process 18 million tonnes of iron ore from 2027.

Staff Writer | October 28, 2024 | 10:05 am

AstroForge secures first-ever commercial license for asteroid mission

Odin will become the first private mission to fly by a body in the Solar System besides the Moon, capturing images and data.

Staff Writer | October 28, 2024 | 9:53 am

Rio Tinto halts Simandou after fatal accident

The contractor's death at the massive iron ore project in Guinea is the fifth fatality at the mining giant’s global operations this year.

Staff Writer | October 28, 2024 | 8:53 am

Mining vs AI – It’s not even close

Nvidia throws shade on the entire global mining industry.

Frik Els | October 28, 2024 | 6:51 am

Dalian iron ore price hits more than one-week high on renewed China stimulus hopes

Markets are now pricing in expectations of fiscal stimulus from China's upcoming legislative meeting.

Reuters | October 28, 2024 | 3:03 am

Mineral Resources says investigation of founder to finish by next week

The company’s shares slumped 26% last week after reports of undeclared payments linked to its managing director.

Bloomberg News | October 27, 2024 | 2:43 pm

Vale taps Marcelo Bacci as new CFO

Bacci, who served as finance chief for pulp maker Suzano, will replace Murilo Muller, who is temporarily serving in the job.

Reuters | October 25, 2024 | 3:57 pm

First

Last