September 23, 2021

Russia sets new MET tax for metals firms, drops idea of new profit tax

The concept will be revised and will not be introduced at least until 2023.

September 23, 2021

Iron ore price stable while China prepares for ‘possible storm’

Chinese authorities asked local governments to prepare for the potential downfall of debt-ridden China Evergrande Group, according to the Wall Street Journal.

September 22, 2021

Vale drops prospects rights on indigenous lands in Brazil

In the coming days, the company will file withdrawals and waivers for 15 remaining mining prospects.

September 22, 2021

Bank of America cuts iron ore price forecasts

For this year BofA has cut its price forecast by 16.6% to $157 per tonne from $188 per tonne.

September 22, 2021

Iron ore price back above $100 after Evergrande debt deal

Iron ore will come under more pressure, falling to $80 to $90 a tonne heading into next year, said UBS Group.

September 21, 2021

Russell: Iron ore makes unruly retreat to more normal price levels

Overall, the market appears to be more in evenly balanced than earlier in the year, when supply was disrupted and China’s steel production was hitting monthly records.

September 21, 2021

Iron ore price woes endure as Chinese steel demand faces ‘last hurrah’

Iron ore’s rollercoaster ride this year is set to end with a whimper as the contraction in China’s steel industry heralds further declines.

September 20, 2021

Mining stocks carnage as iron ore, copper prices fall

Iron ore prices went into freefall and copper slumped on Monday as worries about an Lehman-style collapse in China slammed global metals markets.

September 20, 2021

Iron ore price tumbles as China steps up restrictions

Steel mills in Jiangsu have received instructions to reduce production as part of broader curbs on industrial activity aimed at lowering power usage.

September 20, 2021

Russia expects new tax on ferrous metals to add $1.8 billion to budget

Moscow is considering imposing a mineral extraction tax (MET) linked to global prices on producers of ferrous metals and fertilisers.