Iron ore price down on growing fears of weak demand in China
Chinese steel mills scale back output while nursing losses from high inventories and sluggish steel orders.
MINING.COM Staff Writer
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Copper price hits a 20-month low on recession fears
Money manager positioning on the CME copper contract is as bearish as it has been since Q1 2020, according to Reuters columnist Andy Home.
Iron ore price down as China’s steel industry sounds alarm over crisis conditions
China’s steel mills are sounding the alarm over crisis conditions in the industry as margins plunge due to weak demand.
Copper price up supported by pullback in the dollar
Head of the IMF said the outlook for the global economy had "darkened significantly" since April.
Iron ore price falls on China covid woes, recession fears
Goldman Sachs expects the metal price to average $100 per tonne in Q2 2022.
Copper price lowest since November 2020 on economic slowdown worries
Prices extended decline as aggressive interest rates, a spike in covid-19 cases in China, potential recession, and rising inventories weighed on investor sentiment.
Copper price below $8,000 as slowdown fears mount
"Inventories for metals are shrinking to multi-year lows."
Iron ore price tumbles as China’s demand outlook darkens
Chinese mills have idled dozens of blast furnaces as stocks piled up after domestic demand weakened, hit by covid-19 restrictions and bad weather.
Copper price heads for biggest quarterly plunge since 2011
"We still see metals falling as a recession in the US is fully priced in," said Commerzbank analyst.
Iron ore price down despite China’s move to ease covid curbs
"Market participants want to see actual demand rising, rather than officials talking about it."
Iron ore price tumbles as China power shortages hit steel mills
Nearly 20 steel mills in China's southwest regions had suspended operations as of Wednesday.