November 14, 2024

Australia may lose $45 billion amid green steel rush, report says

Australia accounts for 56% of seaborne iron ore trade.

November 14, 2024

Deep sea mining risks over $560 billion in countries’ annual export earnings — report

Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.

November 13, 2024

South African labour union to strike at ArcelorMittal over job cuts

Africa's biggest steel producer was rocked by a two-week wage strike in May 2022.

November 13, 2024

Brazil’s CSN posts $131 million net loss in Q3

The steelmaker attributed its lower core earnings to factors beyond its control, citing international prices.

November 12, 2024

Friedland considers floating African iron ore company on ASX

The IPO, expected before June 2025, seeks to raise capital for acquiring "overlooked" critical minerals projects in Australia.

November 12, 2024

Vale signs deals for free market natural gas supply

Under the free energy market, Vale will be able to negotiate prices directly with its suppliers.

November 11, 2024

Mubadala prepares for sale of Brazil’s Porto Sudeste, Mina Gerais iron ore mines

Formed in 2016, the project includes two mines and their processing units.

November 11, 2024

Australian iron ore giants’ shares sink on disappointing China stimulus

Analysts at Citi last week forecast a grim near-term outlook for iron ore prices, expecting iron ore to average $85 per tonne in 2026.

November 10, 2024

Iron ore price drops back to $100 as China’s latest fix disappoints

Futures declined as much as 2% in Singapore after slumping on Friday, when the Chinese government unveiled a debt-swap plan.

November 8, 2024

World’s top energy trader Vitol eyes metals as oil demand set to peak

CEO Hardy points to iron ore, copper, and aluminum as potential markets.