Analysts not convinced the iron ore price run has legs
“High iron ore prices in early 2021 are unsustainable, but market fundamentals remain strong," says Moody’s senior VP Barbara Mattos.
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Kinross aims for carbon neutrality by 2050
Kinross produced 558,777 gold-equivalent ounces (GEOs) in Q1, compared to 567,327 GEOs produced in the same quarter of 2020.
Teck donates C$500,000 to UNICEF Canada to support covid-19 response in India
This donation is part of Teck’s $20 million covid-19 Response Fund, supporting critical social initiatives and increased healthcare capacity in the communities in which Teck operates and globally.
Record gold output, but Hudbay posts loss in Q1
Despite strong metal prices, revenue fell to $313.6 million for the period, compared to $322,3 million for the last quarter of 2020.
Metso Outotec wins another pelletizing plant order in China
Metso Outotec has signed a contract with Beijing Shougang International Engineering Technology on the delivery of environmentally sound pelletizing technology for Yunnan Yuxi Yukun Iron and Steel Group Co.
China may target Australian LNG despite costly coal ban: Russell
Bloomberg reported earlier this week that smaller LNG buyers in China have been told to avoid taking Australian cargoes.
“China is overproducing, we would expect to see some slowing down in H2” — Ferrexpo CEO
China’s massive physical purchases of iron ore have been the primary driver of the post-pandemic price rally.
China April copper, zinc production up m/m; lead output down
China's main copper smelters increased production in April by 0.85% from the previous month.
Bullion rally helps Harmony Gold boost Q3 earnings
Firmer bullion prices have helped miners' profits soar despite the pandemic.