September 26, 2023

China scoops up cheap Indian iron ore in bid to trim steel costs

Indian iron ore exports have surged as steel mills switched to lower-grade, cheaper feed in the face of dwindling profits.

September 25, 2023

Iron ore price at 2-week low on possible steel output curbs

"It becomes increasingly clear that demand has hit the ceiling amid weaker-than-expected steel sales for September and October," one analyst says.

September 23, 2023

LG Chem with Huayou to make battery materials in Indonesia, Morocco

The plant, set to start production in 2026, aims to produce 50,000 metric tonnes LFP cathode materials annually.

September 22, 2023

US Steel draws interest from small Canadian rival it once owned

Stelco is in talks with a potential partner on its bid, Bloomberg sources say.

September 22, 2023

Iron ore price falls despite China’s support measures

Moody's on Thursday revised its outlook on four Chinese real estate firms to "Negative" from "Stable".

September 22, 2023

Fortescue to divert carbon offset funds to decarbonization

The company also said it will eliminate million liters of diesel it uses per year, rather than offsetting them.

September 22, 2023

Rio Tinto halts mine work as second indigenous site damaged

A Pilbara scrub tree and a one square meter rock fell from the overhang of a rock shelter in an area adjacent to the site.

September 21, 2023

Rio Tinto planning more investments in Canada, but rules out bid for Teck

CEO praised Teck as a “mining champion in Canada” that has attracted the interest of other multinational miners but said that Rio is not looking to make a major acquisition…

September 21, 2023

INEOS acquires Norway’s Eramet Titanium & Iron for $245 million

ETI consists of an ilmenite transformation plant in Norway producing titanium slag and high-purity pig iron sold to European foundries.

September 21, 2023

Brazil’s comptroller general alleges Vale corrupted inspection in Brumadinho case

Agency says Vale corrupted the “integrity” of the federal inspection system in the Brumadinho case.