China's iron ore imports in the first quarter of 2024 totalled 310.13 million tons, up 5.5% from a year earlier, customs data showed.
Iron ore prices fell on Thursday as China reported a plan to again cut annual crude steel production this year. Benchmark 62% Fe fines imported into Northern China retreated 2.51%, to $129.88 per ...
China has embarked on one of the biggest shake-ups of the global iron-ore market in more than a decade.
The world's biggest mining project, a $20bn iron ore, rail and port development in a remote corner of west Africa, is expected to start this year after a 27-year wait beset by setbacks, scandals ...
Overall, iron ore is a valuable raw material for the production of iron and steel, and its characteristics can vary depending on the type of ore, mineralogy, grade, occurrence, and impurities present. …
Iron ore futures tumbled on Monday to their lowest level in four months as higher inventories in key buyer China and slower construction activity due to unfavourable weather raised demand concerns.
Brazil accounts for 16% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from Brazil increased by 3% in 2023 over 2022, with the highest share being exported to China. Brazil's iron ore exports are expected to grow at a CAGR of 383% between 2023 and 2027.
Using data compiled by our sister company Miningintelligence, our latest top ten list ranks the world's biggest iron ore operations, which are dominated by the world's major miners.
In September 2022, we agreed to form a joint venture with China Baowu Steel Group to develop the Western Range iron ore project in the Pilbara, Western Australia (Rio Tinto 54%, Baowu 46%). Construction at Western Range started in 2023 with first production anticipated in 2025. Western Range's annual production capacity of 25 million tonnes of …
Rio Tinto Group, the world's no. 2 miner, will aim to boost iron ore output with a stronger outlook in China and as urbanization in India and across parts of Asia drives new steel demand growth.
The development of the steel industry improves China's infrastructure development and increases the demand for iron ore for use in steel production [1]. To satisfy constantly increasing demand for ...
Chinese investments and new contracts in the metals and mining sector topped $10 billion during the first half of 2023, a 131% growth year-on-year.
Stock image. Prices of iron ore futures rebounded on Wednesday to the highest level in more than six weeks, aided by renewed hopes of improved steel demand in top consumer China and the prospect ...
China once again holds the key to copper's fortunes as the market waits for the world's largest buyer to shake off its property woes.
If successful in iron ore, the mandate of China's new centralised state buyer could be extended to lithium, copper and bauxite.
Iron ore mining equipment encompasses a broad range of machinery specifically designed for the extraction and processing of iron ore. This category includes various machines that assist in separating valuable minerals from the earth and refining them into a purer form suitable for industrial use.
China plans to raise its equity output of iron ore in overseas mines to 220 million tonnes by 2025 as well as increase domestic raw material supplies, state-backed China Metallurgical News said on ...
The world's 50 biggest miners gained a combined $42 billion during Q2, but the ranks of lithium stocks in the top tier have halved as valuations plummet.
Twenty years ago, that was iron ore: a commodity that was slow to respond to China's rampant growth before a massive takeoff. By 2005, iron ore prices had almost tripled reaching $50 per tonne ...
Rio Tinto holds two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea.
This chapter first provides an overview of world iron ore production and trade, as well as reserves and resources, followed by a summary of the key mining operations in the top ten iron ore producing countries.
China's first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell.
The most-traded September iron ore contract on China's Dalian Commodity Exchange ended daytime trade 3.19% higher.
China is planning a state-backed iron ore company to oversee everything from massive mine investments in West Africa to buying the steelmaking material from global suppliers, according to people ...
Delve into the complexities of Australia's Iron Ore Industry in 2024, impacted by China's economic slowdown and shifting global demand.
The Sino iron project is the largest magnetite mining and processing operation in Australia. Image courtesy of CITIC Pacific Mining Management Pty Ltd. The Sino iron project will be the world's biggest magnetite iron ore mine when fully operational. The open-pit mine, located in Cape Preston, about 100km south-west of Karratha, …
Iron ore futures prices slipped on Thursday, undermined by fears of falling demand in top consumer China in the remainder of the year after Beijing reiterated its stance on continuing to control ...
Iron ore futures prices extended gains to a second straight session on Tuesday, underpinned by mounting hopes of improving demand for the key steelmaking ingredient in top consumer China in the ...
Iron ore futures fell to a two-month low on Tuesday, weighed down by lingering weak fundamentals and concerns over demand prospects in top consumer China following the latest carbon emission plan ...
The iron ore price rose on Wednesday, as positive signals from China's latest financial meeting boosted market sentiment. According to Fastmarkets, benchmark 62% Fe fines imported into Northern ...
The iron ore price retreated on Friday as China indicated controlling covid-19 outbreaks is still a priority.
The world's largest steelmaker China Baowu Steel Group has raised 10 billion yuan ($1.4 billion) from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday.
J&F, the family holding, emerged as the surprise buyer of Vale's iron ore and manganese mines in the central west state of Mato Grosso do Sul.
