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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China Dumped Steel Wheels on U.S. Market: Commerce Department

China Dumped Steel Wheels on U.S. Market: Commerce Department

The U.S. Commerce Department has found China unfairly subsidized steel wheels exported to the United States and sold them at prices below fair value, the department announced on Friday in its final determination. If the U.S. International Trade...

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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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China Sets Antidumping Measures on Steel Products From EU, Japan, South Korea, Indonesia

China Sets Antidumping Measures on Steel Products From EU, Japan, South Korea, Indonesia

China’s commerce ministry said on Friday it will impose temporary antidumping measures on stainless steel billet and hot-rolled stainless steel plate from the European Union, Japan, South Korea and Indonesia from March 23. The ministry said...

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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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Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

Nickel Asia Corp, the Philippines’ top nickel ore producer, expects its 2019 shipments to be unchanged from last year, although it plans to increase its domestic sales to maximise profits, its chief financial officer told Reuters. Nickel...

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Zinc price builds on 2019 rally as stocks reach just 2 days consumption

Zinc price builds on 2019 rally as stocks reach just 2 days consumption

Zinc prices climbed to $2,845 a tonne on Wednesday after data showed LME warehouses now hold little over 58,000 tonnes of the metal; less than two days’ worth of global consumption. Inventories are down 55% this year and are on course to arrive...

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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 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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