Brazil President says Amazon rainforest reserve should be opened to mining

Brazil President says Amazon rainforest reserve should be opened to mining

Brazilian President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry. The...

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Iron ore thunders higher as mine dams closed, exports collapse

Iron ore thunders higher as mine dams closed, exports collapse

Iron ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90 a tonne, amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut. Futures for benchmark...

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Fortescue OKs $2.6B expansion of Iron Bridge magnetite project

Fortescue OKs $2.6B expansion of Iron Bridge magnetite project

Australian iron ore producer Fortescue Metals Group (ASX:FMG) has given the green light to the $2.6 billion expansion of its Iron Bridge magnetite project in the Pilbara, Western Australia. This is the second major mine development that...

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Tug-of-war: China’s steel sector grapples short-term bulls, longer-term bears

Tug-of-war: China’s steel sector grapples short-term bulls, longer-term bears

China’s steel sector, and the imported iron ore upon which it relies, are currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish. It’s not...

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Another 10MT of iron ore off the market as Vale halts Alegria mine

Another 10MT of iron ore off the market as Vale halts Alegria mine

Brazil’s Vale (NYSE:VALE) has halted operations at the Alegria iron mine in the Mariana complex of Minas Gerais state, which may remove up to 10 million tonnes of iron ore a year from the market. The preventive measure, said the world’s top...

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China News Weekly 102 – Chinese iron ore prices gain for sixth day on Vale disruptions

China News Weekly 102 – Chinese iron ore prices gain for sixth day on Vale disruptions

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click Here to subscribe.

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Chinese iron ore prices gain for sixth day on Vale disruptions

Chinese iron ore prices gain for sixth day on Vale disruptions

Chinese iron ore prices rose for a sixth straight session on Tuesday as Brazil’s Vale faced further restrictions at its iron ore operations, adding to concerns about tight supply of the steelmaking raw material. A Brazilian court on Monday...

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Chinese go-slow on Australian coal imports may be starting to show

Chinese go-slow on Australian coal imports may be starting to show

China’s unofficial go-slow on clearing Australian coal through customs didn’t show up in the first two months of this year, but it may now be starting to have an impact. Chinese coal traders are reported to have cut back on buying...

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China Jan-Feb refined copper output rises 6.3% year-over-year — stats bureau

China Jan-Feb refined copper output rises 6.3% year-over-year — stats bureau

* China’s refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said on Friday. * Output on a daily basis works out at around 22,712 tonnes, according to...

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China iron ore futures hit lowest in March so far on steel curbs

China iron ore futures hit lowest in March so far on steel curbs

Steelmaking raw materials fell in China on Monday, with the benchmark iron ore contract hitting its lowest for this month so far and coke extending its losses into a fifth session, as demand waned amid restrictions on steel production. The drop...

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China’s iron ore futures fall as anti-smog measures weigh

China’s iron ore futures fall as anti-smog measures weigh

Prices of China’s steel-making raw materials dropped on Wednesday after the top steelmaking city of Tangshan maintained the highest smog alert amid unfavourable weather conditions, while the government vowed to extend its anti-smog...

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