February 21, 2023

Iron ore price surges to 8-month high on renewed optimism around China’s reopening

BHP flagged a brightening demand outlook in the top steel producer country.

February 21, 2023

Rio Tinto partners with BMW for low-carbon aluminum supply

Aluminum will come from Rio Tinto's hydro-powered operations in Canada to BMW’s production plant in Spartanburg, South Carolina.

February 20, 2023

BHP eyes demand green shoots in China as profit slumps

Miners have wrestled with surging costs and a tight labour market amid sharply lower iron ore prices over the latter half of 2022, as China's strict zero-covid-19 policy curtailed economic…

February 20, 2023

China’s Baowu seeks deeper ties with Rio Tinto on iron ore trade

Baowu is looking to benefit from efforts to repair trade relations between China and Australia.

February 17, 2023

Vale expects fresh news about base metals stake sale in H1

Company received offers for a minority stake in the business comprising nickel and copper production.

February 15, 2023

Sandvik to supply electric mining vehicles to Rana Gruber

The agreement supports Rana's aim to operate the world's first carbon-free iron ore mine by the end of 2025.

February 14, 2023

Fortescue Metals’ first-half profit drops on lower iron ore prices

The miner also flagged that inflationary pressures will continue to be a risk for the remainder of the fiscal 2023.

February 13, 2023

Iron ore price drops on Chinese demand fears

"The profits of steel mills have not improved," Huatai Futures analysts said.

February 12, 2023

ArcelorMittal warns on steel demand as China seen flatlining

Whether China will recover strongly after lifting tough coronavirus restrictions has been the key question for commodities markets.

February 10, 2023

Usiminas results hurt by $321.3m steelmaking impairment

In 2022, Usiminas sold 8.64 million tonnes of iron ore.