June 19, 2022

Guinea gives Simandou iron ore mine developers 14-day deadline

Guinea has grown increasingly impatient with the companies that control the giant Simandou deposit.

June 17, 2022

Iron ore price hits six-month low on plunging China steel margins

Chinese steel mills are opting to reduce output amid weak profits and deteriorating demand prospects.

June 16, 2022

Mexico union strikes at ArcelorMittal plant over profit sharing

Union said the company was refusing to share 10% of profits from the 2021 fiscal year among over 3,500 direct employees.

June 15, 2022

Ukraine steelmaker says Russia is taking metal from Mariupol

The alleged thefts would fit a pattern of Russia targeting commodity hubs that provided Ukraine with vital export revenues.

June 15, 2022

Fortescue teams up with Liebherr for green-haul trucks

Miner will buy 120 green-haul trucks, replacing about 45% of its current fleet as it pushes towards decarbonizing its operations.

June 14, 2022

Rio Tinto starts iron ore deliveries from Gudai-Darri mine

The capital cost of the mine, which is expected to have a life of over 40 years, is estimated to be $3.1 billion.

June 14, 2022

Iron ore price down ahead of China’s central bank rate announcement

Market focus has turned to the People's Bank of China, which could cut the rate on its medium-term lending facility on Wednesday.

June 14, 2022

Samarco, creditors to discuss restructuring proposals on June 21

Creditors rejected the company's last proposal on April 18 and filed an alternative plan a month later.

June 13, 2022

Iron ore price extends decline on China lockdown fears

"Fresh lockdowns and mass testing in Beijing, Shanghai, and now Inner Mongolia is the realization of the ferrous market's worst fears," said Atilla Widnell, managing director at Navigate Commodities.

June 12, 2022

POSCO to halt some plants as S.Korea trucker strike continues

POSCO will halt some of its plants in Korea due to a lack of space to store finished products.