August 9, 2022

US steelworkers union lauds bill’s focus on building North American production

The Inflation Reduction Act, as the bill is called, will offer opportunities for union workers, United Steelworkers union said.

August 8, 2022

Iron ore price rises on improved China steel margins

Hopes that steel output curbs in China to meet decarbonization goals will be less strenuous in the second half of the year also supported iron ore prices.

August 7, 2022

Scientists figure out how to produce metallic iron on Mars

The process involves combining processed air, dirt and sunlight on Mars to create metallic iron.

August 5, 2022

Iron ore price rises as China demand worries ease

A recovery in steel margins in China eased concerns over weak demand for the metal.

August 5, 2022

Rio Tinto not concerned about Chinese ore-buying company

China is exposed to international iron ore prices as it must import nearly 80% of its annual consumption.

August 3, 2022

Iron ore price falls as property crisis threatens to drag down steel industry

Almost a third of China’s steel mills could go into bankruptcy in a squeeze that’s likely to last five years, said the chairman of Hebei Jingye Steel Group.

August 3, 2022

Ferrexpo’s half-year profit tumbles on higher costs

The Ukraine-focussed miner saw a hit from higher costs and lower production volumes as it grappled with inflationary woes and energy prices.

August 3, 2022

Baffinland to terminate 1,100 workers at Mary River iron ore mine

The miner is preparing for two rounds of layoffs to take effect on Sept. 25 and Oct. 11, if it doesn't obtain a permit to continue extracting 6 million tonnes…

August 2, 2022

Ancient rocks reveal how earth avoided Mars-like fate

The development of earth’s solid inner core had everything to do with the rejuvenation of the swirling liquid iron in the planet’s outer core, which generates its protective magnetic field,…

July 29, 2022

Vale says stricter licensing requirements cause project delays

Vale cited slower regulatory approvals in reducing its 2022 iron ore production outlook.