November 26, 2024

Aluminum, steel most exposed metals to Trump tariffs, Citi says

A 25% tariff as announced by Trump on Monday would likely cause steel prices to rise by $100 to $150 a short ton, the analysts said.

November 25, 2024

Iron ore price rises on firmer steel outlook, but trade tensions cap gains

Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.

November 24, 2024

Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI

Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.

November 22, 2024

US bars more food, metal imports over China’s alleged forced labor

US authorities say Chinese authorities have established internment camps for Uyghurs and other religious and ethnic minority groups.

November 21, 2024

Sierra Leone woos miners to clean energy with $11 billion plan

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.

November 21, 2024

Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit

The transaction is expected to close in early 2025.

November 21, 2024

Beleaguered Ellison faces MinRes shareholders

The board of under-siege Mineral Resources faced grilling in Perth over a governance scandal, amid unexpected expressions of support.

November 19, 2024

Iron ore price at one-week high on softer dollar, pre-holiday stocking

Underpinning prices is some mills kicking off buying seaborne cargoes to meet their production needs over the week-long Chinese New Year holiday break in January.

November 18, 2024

Nippon Steel not to import from overseas mills in bid to save US Steel deal

Nippon is looking to close its $14.9 billion deal for US Steel by the end of the year.

November 18, 2024

Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes

Analysts say near-term demand for iron ore remain strong, supporting prices.