By Bate Felix Tabi Tabe
China is the world's third-largest producer of iron ore in 2023, with output up by 2% on 2022.
Dalian iron ore futures fell on Thursday, as Chinese authorities intervened to control soaring prices and weak property data fuelled concerns about demand from the key steel-consuming sector.
Rio Tinto Group, the world's top iron ore exporter, sees increased stimulus measures in China driving the broader economy into a gradual recovery this year. China's economy started to show ...
China's demand for imported iron ore has most likely peaked, but the composition of future imports are likely to shift as the world's biggest steel producer seeks to decarbonise.
Iron ore prices fell on Thursday after China sought stricter oversight of commodity markets to curb exorbitant prices.
Dalian iron ore futures fell more than 2% on Thursday as Chinese authorities intervened to control soaring prices and fresh weak property data fuelled concerns about demand from a key steel ...
In Sierra Leone, a 12 million tonne processing plant is underway at the Tonkolili iron ore mine, representing a crucial step in China's quest to de-risk its supply. …
In March and April, the state planner issued several similar warnings to step up supervision of iron ore markets. China imported 106.42 million metric tons of iron ore in August, the highest since ...
Iron ore edged higher on Thursday after top steel producer China cut more policy rates, while stainless steel futures jumped to a three-month peak, buoyed by record-high prices of key ingredient ...
In a significant move for both the steel and mining sectors, China's Baowu Steel Group has entered into a strategic partnership with the Chinese-backed Winning Consortium Simandou (WCS). The alliance aims to collaboratively develop Blocks 1 and 2 of the expansive Simandou iron ore mine located in Guinea-Conakry.
Iron Ore 62% Fe, CFR China (TSI) Swa price information, historical data, charts, stats and more.
The focus of the paper is on the potential of iron ore supplies from West and Central Africa to enter the export market over the short and medium terms and how this could impact the supply-side capacity and market price. To assess this, three export development scenarios (low, medium and high risk) are constructed for 17 iron ore …
Iron ore has rallied above $120/t at the start of 2023, rising by more than 50% from the lows of just under $80/t in early November 2022, with China driving prices higher.
A bold push by China into iron ore projects in Africa and elsewhere will increase its access to supply and may help moderate prices but will only slowly reduce its dependence on …
Iron ore stockpiles increased to 7.8 million tons by Dec. 31 from 6.1 million tons a year earlier due to rail constraints, Kumba said in a statement on Tuesday.
The Simandou iron ore project in Guinea, the largest untapped reserve of highgrade iron ore in the world, has been decades in the making. Subject to interminable …
A bold push by China into iron ore projects in Africa and elsewhere will increase its access to supply and may help moderate prices but will only slowly reduce …
Landlocked Mali aims to diversify its mining sector away from gold with Chinese-built rail projects worth $9.5 billion that would link it to the Atlantic coast, even as slowing Chinese growth and falling commodity prices cool investment.
In the first seven months this year, China imported 660 million tons of iron ore, up 11.8% from a year ago, official data showed. Demand has rebounded as the domestic outbreak of Covid-19 wanes and the government's pro-growth, infrastructure push drives up steel consumption.
EXCLUSIVE: Gabon the sweet spot for greener iron ore. 'If you want to be in the iron ore business, look no further than Australia': this is one mining myth that will soon be put to bed. Africa's Gabon hosts a huge abundance of the metal and unlike other parts of Africa, has the logistics infrastructure needed to ensure end-users have ...
The global steel technology shift away from blast furnaces is accelerating and demand for suitable iron ore is set for significant growth. DR-grade ore makes up only a small fraction of overall iron ore trade, and Australian iron ore miners have long focused on lower-iron content, blast furnace-grade ore in response to the huge growth in blast …
South Africa accounts for 3% of global production, with the largest producers being Australia, Brazil, India and China. Exports of iron ore from South Africa declined by 0.44% in 2022 over 2021, with the highest share being exported to China. South Africa's iron ore exports are expected to grow at a CAGR of 3% between 2022 and 2026.
Here are the five largest iron ore mines by production in South Africa, according to GlobalData's mining database.
Exports In 2022, South Africa exported $4.8B in Iron Ore, making it the 4th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 6th most exported product in South Africa. The main destination of Iron Ore exports from South Africa are: China ($1.36B), Netherlands ($993M), South Korea ($531M), Mozambique ($491M), …
But ongoing tension between the countries have alarmed the iron ore and steel industry, with speculation over the future of the China-Australia iron ore trade. The …
China has drawn up a five-year strategy to reduce its reliance on imported iron ore in a move that will squeeze Australian producers and royalties and support plans to tap huge undeveloped reserves in Africa.
More than 80 per cent of China's iron ore comes from Australia and Brazil but Beijing wants to de-risk that supply.
Reuters Africa reports China is investing in iron ore projects in Africa and elsewhere that will increase its access to supply. The market news is quoted as saying, China, the world's largest ...
The Australian iron ore company still seems reluctant to file suit against its former partner AustSino over suspected foul play regarding the Nabeba-Mbalam iron project that straddles the Cameroon and Congo. It has, however, won a key battle to help make a decision.
The Sunday statement was the second such move to regulate the iron ore industry in 2023 by China's top economic planner. On January 6, the NDRC said that it was "highly concerned" about the iron ...
Algeria — Africa's biggest country by geographic area — is poised to become one of China's biggest global suppliers of iron ore, enabling Beijing to move away from its …
Exploitation of the Simandou iron ore reserves has long been held up by conflicting ownership claims, coups and legal challenges. Could mining finally be about to begin?
China's next step in dispensing of its over-reliance on Australia is a massive Simandou iron ore deposit in West Africa, courtesy of Rio Tinto.
Citi expects the rally in iron ore prices to continue if China ramps up its policy stimulus to bolster the economy.
As Australia deepens its connection to the Quad grouping with the U.S., Japan and India, forming a de facto anti-China tag team in the Indo-Pacific, Beijing has found it increasingly uncomfortable to depend …
