Where Chinese Investors Meet Global Investment

中國投資者探索環球投資新聞及機遇

China iron ore imports rise on pre-holiday restocking

China iron ore imports rise on pre-holiday restocking

China’s iron ore imports climbed 5.3 percent in January from December, customs data showed, supported by strong restocking demand at steel mills ahead of the week-long Lunar New Year holiday this month. Shipments of the steelmaking raw...

Read more
China’s iron ore futures extend pullback amid supply speculation

China’s iron ore futures extend pullback amid supply speculation

Iron ore futures in China fell for a second straight session on Wednesday as the market awaited clarity on the magnitude of supply disruption following Vale SA’s dam closures. Steel prices also fell, with the most-active rebar contract...

Read more
China iron ore rises to record on concerns over Brazilian supply

China iron ore rises to record on concerns over Brazilian supply

China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country’s second-largest ore supplier, may decline after a fatal dam accident at a Vale mine...

Read more
Iron ore prices reach almost two-year high

Iron ore prices reach almost two-year high

Iron ore prices reached an almost two-year high on Tuesday, following January’s fatal tailings dam breach in Brazil at Vale’s Córrego do Feijão mine. Iron ore was at $86.65/dry ton on Feb. 4, up 14% since the dam breach and the highest since...

Read more
Glencore nears $500m deal to buy iron ore from Brazil’s CSN – sources

Glencore nears $500m deal to buy iron ore from Brazil’s CSN – sources

* One source sees deal signing in first quarter of 2019 * Brazil’s CSN working to cut debt pile * Iron ore prices rise after Brazil mining dam failure Global trader Glencore is close to finalising a deal to make a $500 million payment to...

Read more
Iron ore prices are flying

Iron ore prices are flying

Top iron ore producer Vale’s decision to decommission its upstream tailings dams following the deadly dam burst on Friday at its facility in Córrego do Feijão, Brazil has lit a fire under iron ore prices. The Chinese import price of 62% Fe...

Read more
China’s iron ore hits 16-month high after Vale dam disaster

China’s iron ore hits 16-month high after Vale dam disaster

Chinese iron ore futures soared to a 16-month peak on Monday after Brazil’s mining agency ordered Vale SA, the world’s biggest iron ore producer, to halt operations at its Corrego do Feijao mine following a deadly tailings dam...

Read more
BHP said to owe $215m in underpaid iron ore royalties to Western Australia

BHP said to owe $215m in underpaid iron ore royalties to Western Australia

World’s largest miner BHP (ASX:BHP) is facing accusations by the state of Western Australia of having underpaid iron ore royalties on shipments sold via its Singapore marketing hub, stretching back over more than a decade. The alleged discrepancy...

Read more
Resource Weekly 333 – Record $93B private capital flows into natural resources

Resource Weekly 333 – Record $93B private capital flows into natural resources

Click here to find more details This is NAI’s new Resource Weekly. We will be covering the latest news in Mining, and Oil and Gas sectors every week. To continue to receive NAI’s Resource Weekly, please click Here to subscribe.

Read more
Rio Tinto 2018 iron ore shipments rise 2%

Rio Tinto 2018 iron ore shipments rise 2%

Global miner Rio Tinto on Friday reported a 2 percent rise in annual iron ore shipments from Australia on ramp-up of expanded mines and fewer weather related disruptions, meeting its guidance, and set a higher target for 2019. Rio’s 2018...

Read more
China industry ministry to ban new steel project expansions – Xinhua

China industry ministry to ban new steel project expansions – Xinhua

China will “strictly prohibit” the expansion of new iron and steel projects in 2019, the country’s industry minister told the official Xinhua agency in an interview on Thursday. Miao Wei, minister of industry and information...

Read more
Do NOT follow this link or you will be banned from the site!