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.

June 11, 2022

German union calls on steel workers to hold further warning strikes

Employers failed to meet German union IG Metall's wage increase demands in the third round of talks.

June 10, 2022

Iron ore price down on new China lockdown worries

"China remains a big source of uncertainty for global growth," JP Morgan analysts said in a note.

June 9, 2022

China’s appetite for commodities sapped by virus, surging prices

The renewed lockdown of one district in Shanghai has raised concerns that a full reopening of the financial center could be delayed.

June 8, 2022

Iron ore price slips as Chinese steelmakers face margin pressure

"The short-term drive is upward but the valuation is on the high side, and the risk of volatility will increase in June-July," Zhongzhou Futures analysts said.

June 8, 2022

Vale creates $100 million venture capital arm to spur mining innovation

Vale Ventures is starting with a $100 million budget to invest in firms involved in sustainable mining initiatives.

June 7, 2022

Iron ore price rises despite flat demand from steelmakers

China's moves to ease covid-19 restrictions added fuel to the rally, as did shrinking stockpiles of imported iron ore at Chinese ports.

June 7, 2022

Rio Tinto joins Germany’s Salzgitter to study using its iron ore in green steelmaking

The agreement comes as Germany looks to speed up its collaboration for green hydrogen production with Australia.