July 30, 2021

Iron ore price craters on Chinese steel output cuts

Iron ore price drops 8% falling below $200 a tonne for the first time since April on Beijing's efforts to curb industry emissions.

July 30, 2021

IEA’s roadmap shows difficult journey to net zero: Kemp

In the short term, emissions are on a rising trend, notwithstanding a temporary decline during the covid-19 pandemic, putting the world a long way off track to reach zero emissions…

July 29, 2021

Ancient sites, sacred snake raise risks for Australian resources

Sacred sites, endangered sawfish and mythical rainbow serpents are the latest challenges confronting commodities powerhouse Australia.

July 29, 2021

Water crisis threatens iron transport on key Brazil river

The Parana River Basin in central Brazil is experiencing its worst water crisis in 91 years.

July 29, 2021

Iron ore price down on China’s forecasted steel output decline

"One thing is clear, China’s crude steel production in H2 will decline compared to both H1 this year and H2 last year," said CRU Group.

July 29, 2021

China demand powers Fortescue shipments to record, beats annual estimate

Fortescue shipped 49.3 million tonnes of ore in the quarter ended June 30, compared with 47.3 million tonnes a year ago.

July 29, 2021

Vale revises down year-end iron ore output

The company revised down its guidance for year-end iron ore production capacity to 343 million tonnes per annum from 350 million tonnes previously.

July 29, 2021

ArcelorMittal quarterly earnings highest in 13 years on strong steel demand

The company said it would start a $2.2 billion buyback programme to be completed by the end of 2021.

July 29, 2021

Anglo American half-year profit best in its 104-year history

The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.

July 28, 2021

Vale’s second-quarter buoyed by iron ore prices, hit by provisions

Vale reported a Q2 net income of $7.586 billion, up over 600% from the same period a year ago, but slightly below the Refinitiv consensus estimate of $7.67 billion.