September 25, 2024

US Steel confirms arbitration ruling favoring Nippon Steel’s $14.9 billion buyout

The arbitration board ruled that US Steel met the successorship clause conditions in its labor agreement with the United Steelworkers union.

September 25, 2024

Iron ore price jumps to over three-week high on China stimulus, soft global supply

China's central bank on Wednesday lowered the cost of its medium-term loans to banks.

September 25, 2024

Investors rush into Australian miners on China stimulus boost

The mining sub-index has rallied 6% over the past two sessions.

September 24, 2024

Fortescue electrifies iron ore trucks in $2.8 billion deal

The miner will buy 475 emissions-free machines, including 360 autonomous battery-electric trucks.

September 24, 2024

Iron ore price posts steepest daily rise in over 1 year on fresh China stimulus

China's central bank unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk.

September 24, 2024

ArcelorMittal halts steel plant expansion in Brazil

Increasing steel imports, especially from China, are affecting local demand says ArcelorMittal.

September 23, 2024

Top miners’ reclamation obligations could surpass industry’s total debt by 2033

Environmental reclamation and site restoration costs for 24 major mining companies reached $72 billion in 2023, up from $40 billion in 2013.

September 23, 2024

Iron ore price hits over 1-year low on soft China demand prospects, firmer supply

Stainless steel exports in China hit a record high in August.

September 20, 2024

Incoming CEO of Vale to start Oct. 1

In August, Vale named Gustavo Pimenta, currently chief financial officer of the firm, to the post.

September 20, 2024

Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal

Nippon Steel plans to sell at least 30 billion yen in assets including real estate and inventories.