April 12, 2024

US Steel shareholders approve Nippon Steel’s $14.1 billion takeover offer

Beyond politics, the takeover must still pass a review by the Committee on Foreign Investment in the United States.

April 12, 2024

BHP suspending China portside iron ore sales until April 22 for system upgrade

Industry sources said they did not expect much impact, noting that portside stocks are at high levels.

April 12, 2024

China’s March iron ore imports edge up, steel exports near 8-year high

The world's largest iron ore consumer brought in 100.72 million metric tons month.

April 11, 2024

Iron ore price drifts higher as soft China data triggers stimulus hopes

New data maintained pressure on policymakers to launch more stimulus as demand remained weak.

April 10, 2024

Vitol CEO confirms energy trading giant is getting into metals

The world’s biggest independent commodities trader is expanding beyond oil, gas and power.

April 10, 2024

Sweden’s LKAB cuts iron ore production on railway woes

The company said it will cut production by one million tonnes per year, and added it may also take additional measures, including laying off staff.

April 9, 2024

Guinea’s Simandou iron ore project secures $15 billion financing

The project is expected to add around 5% to the global seaborne supply when it comes online.

April 9, 2024

Iron ore price extends rally on hopes of improved demand in China

Iron ore prices extended gains to a second straight session on Tuesday.

April 8, 2024

Fortescue partners with OCP Group for green energy development in Morocco

The equal partnership with the Moroccan fertilizer producer includes the development of manufacturing facilities and an R&D hub.

April 8, 2024

Rio Tinto promotes copper boss Bold Baatar to commercial chief

Baatar's role in the expansion of Oyu Tolgoi and the $6.2bn Simandou iron ore project highlights his suitability for the post.