Iron ore price slumps on covid-19 restrictions in China
"Previous market expectation was that steel demand would be postponed but not absent," analysts with GF Futures wrote in a note.
Latest Stories
Warning bells sound in London Metal Exchange zinc market
Zinc could be the next metal market to find itself in turmoil, writes Andy Home.
Alexco to raise $10.3m to fund Keno Hill operations in Yukon
Keno Hill boasts significant mineral resources at grades higher than most of the world’s primary silver producers.
Ivanhoe’s Congo copper mine hits record production
Kamoa-Kakula produced 55,602 tonnes of copper in the first quarter of 2022, reaching a monthly all-time-high of 19,605 tonnes of copper in March.
Asia unlikely to rescue Russian coal amid Europe ban
There are already signs that Asia is likely to buy less Russian coal, rather than more, in coming months, writes Clyde Russell.
China port congestion leaves everything from grains to metals stranded
Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources.
CATL isolates workers to avoid covid shutdown
Automakers including Tesla and Volkswagen have been forced to suspend production at their factories in Shanghai.
Boliden to spend $530m on improving Aitik mine’s tailings dam
Company said it did not expect production at the northern Swedish open-pit mine to be affected.
Glencore regains IPO price after 11 years on commodity rally
Glencore's shares have surged 42% this year — a level the world’s biggest commodities trader had at times looked unlikely to ever regain.
