October 27, 2022

Vale Q3 net beats estimates, helped by forex gains

The bottom line was boosted by a $2.35 billion financial gain related to unspecified foreign exchange rates, which largely masked weaker sales and rising costs.

October 27, 2022

Iron ore price hit lowest since 2020 on global steel demand concerns

Prices have fallen more than 50% from a peak in March. 

October 27, 2022

BHP Group, ArcelorMittal trial carbon capture at Europe, US steel plants

By discharging over 3 billion tonnes of carbon dioxide a year, the steel industry accounts for 7-9% of global greenhouse gas emissions.

October 26, 2022

Japanese Tesla supplier to take on Chinese rivals to tap EV boom

Sumitomo wants to start making materials for a cheaper type of battery -- containing no nickel -- that’s poised for global popularity after storming the world’s top EV market, China.

October 25, 2022

Cliffs tumbles as outlook suggests more pain for steel

The second-largest US steelmaker said Tuesday that it is being hit by higher input costs and maintenance activities, which led to adjusted earnings before items of $436 million in the…

October 25, 2022

Iron ore price lowest in 11 months as China’s peak construction season disappoints

Uninspiring economic data and a sliding Chinese yuan added to the bearish mood.

October 25, 2022

Australia flags risks to commodities price projections from Ukraine, China

Treasurer Jim Chalmers said the boost to revenues from higher employment and commodity prices was likely to be "temporary".

October 21, 2022

Vale CEO says miner will spin off copper, nickel unit

Rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business.

October 21, 2022

Iron ore price rises on hopes of easing covid restrictions in China

The World Steel Association has projected a 2.3% contraction in global steel demand this year.

October 21, 2022

DRC improves extractive sector transparency but more needed – anti-graft body

The DRC has published around 200 contracts and related documents in the last two years.