Australia iron ore exports rebound in April, but not enough
Australian exports were about 69.1 million tonnes in April, up 20% from 57.5 million tonnes in March.
Australian exports were about 69.1 million tonnes in April, up 20% from 57.5 million tonnes in March.
For 10 days, refiners and oil firms in Europe cut purchases of Russian oil by up to a million barrels a day after finding out crude from the Druzhba pipeline network was heavily contaminated.
The uranium producer logged a C$18.3 million loss in the first quarter of 2019, compared with a profit of C$57.8 million a year ago.
The Knife Lake property was extensively explored from the late 1960s to the 1990s, with the last documented work program completed in 2001.
Glencore cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil.
The credit ratings and research division of the Fitch Group says producers should take advantage of the current environment of lower supply, healthy demand and higher prices.
Record production cannot offset 70% decline for realized prices for battery material.
Construction of the $3 billion port will start at the end of this year and it will be launched by end-2021.
Arrivals of Australian coking coal were at 2.23 million tonnes last month, up 92% from 1.16 million tonnes in February.
This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.