October 17, 2022

Vale beats output estimate in new blow to iron ore prices

The Brazilian mining giant produced 89.7 million metric tonnes, topping the 87.2 million-tonne average analyst estimate.

October 17, 2022

Rio Tinto tempers annual iron ore shipments outlook as demand weakens

Rio has been battling with a surge in production costs while iron ore prices continue to slide.

October 17, 2022

South Africa port staff union agrees to pay deal, calls off strike

Mining companies have been particularly hard hit by the strike.

October 17, 2022

Column: Xi’s commitment to energy transition is mixed for commodities

Commodity markets were given little to cheer about in President Xi Jinping’s address to the Communist Party Congress.

October 17, 2022

Iron ore price slides as Chinese president stresses zero-covid stance

The environment is still not optimistic and the industry faces a “severe market situation”, the China Iron & Steel Association warned.

October 17, 2022

Miners’ losses mount as ports strike drags on in South Africa

Negotiations to reach a pay deal have been unsuccessful, even after the government and an arbitration body joined the discussions between Transnet and its biggest labor unions.

October 16, 2022

Striking South Africa port workers reject wage deal

The strike action has severely reduced staff at key ports that export iron ore and coal from South African mines and placed shipments of agricultural goods at risk.

October 14, 2022

Iron ore price outlook clouded by global demand woes, supply risks

Prices set to end 2022 around $100 a tonne, dip further in 2023.

October 13, 2022

Fortescue sees first major hydrogen project within next 9 months

Chairman Andrew Forrest launched FFI in 2020 with an ambitious goal to produce 15 million tons of green hydrogen by 2030.

October 13, 2022

Iron ore price falls as China covid policy concerns dampen mood

Dalian iron ore slumped to three-week low.