January 2, 2025

Rio Tinto says crew member missing from ship en route to Australia

A deck fitter on board of a bulk carrier travelling from China to Western Australia was reported missing last week

December 31, 2024

US Steel jumps most in a year on Nippon Steel offer to Biden

Last-ditch effort to get President Joe Biden’s approval for its takeover of the American steelmaker.

December 31, 2024

Iron ore price falls over 15% in 2024 on faltering China demand, high portside stocks

A raft of stimulus measures unveiled by Beijing since late September to spur its sputtering economy helped the ferrous market recoup some losses.

December 31, 2024

Gold heads for biggest gain since 2010 in mixed year for metals

Gold is heading for one of its biggest annual gains this century.

December 30, 2024

Vale reaches $1.8 billion railway concessions deal

The company reached an agreement with local authorities to pay up to some 11 billion reais to renegotiate two railway concession contracts.

December 30, 2024

Iron ore price rebounds on improving steel margins, falling portside stocks

Stimulus hopes in top consumer China also supported market gains.

December 27, 2024

Iron ore price hits five-week low as traders fret about Chinese demand

Iron ore has slumped 29% this year, hurt by the prolonged slowdown of China’s economy.

December 26, 2024

Iron ore price reverses to losses as weakening China steel consumption drags

Apparent consumption of five major steel products slipped by 2.1% week-on-week.

December 26, 2024

Nippon Steel revises closing date for US Steel acquisition

The estimated closing date was revised to the first quarter of 2025.

December 26, 2024

Trade spats to curb industrial metals demand: BMO

BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.