September 18, 2024

White House says review of Nippon Steel’s proposed purchase of US Steel ongoing

A source told Reuters this week that the US national security panel reviewing Nippon Steel's $14.9 billion bid.

September 17, 2024

US decision on Nippon’s bid for US Steel pushed back until after election

CFIUS needs more time to understand the impact of national security and engage with the parties, the Reuters source added.

September 17, 2024

US Steel CEO confident Nippon Steel deal will close ‘on its merits’

The companies countered in a 100-page letter that the deal would enhance US national security.

September 17, 2024

Bank of America forecasts copper price above $10,000, iron ore price below $80 by 2025

While the outlook for iron ore appears grim, BofA remains bullish on copper due to strong structural demand.

September 17, 2024

Brazil confirms potential $18 billion deal with miners involved in deadly dam disaster

The collapse of the dam at a Samarco iron ore mine near the city of Mariana killed 19 people.

September 16, 2024

Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut

The bank cited market oversupply even though demand from top consumers in China is stabilizing.

September 14, 2024

Vale says routine check revealed cracks in dam, stability unchanged

In a securities filing, the company said the issue concerns the Forquilha III dam at the Fabrica iron ore mine.

September 14, 2024

Focus on these stocks: Large undeveloped deposits 

It’s the geologists living on the edge who could offer early clues about Western Australia's position in this mining cycle.

September 13, 2024

Nippon Steel bid for US Steel faces Sept. 23 review deadline

The deal has become a political hot potato and faces high-profile opponents.

September 12, 2024

Vitol hires Glencore, Trafigura iron ore traders in metals push

The oil trader has been in talks to hire some of Glencore’s iron ore team, and some members have already quit and will be joining Vitol.