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Iron Ore Drops Toward $100 as China’s Latest Fix Disappoints

Shares of leading iron ore mining companies dropped in Australia, with BHP Group, Fortescue Ltd. and Rio Tinto Group all declining.

Great Lakes Iron Ore Trade Falls in October

Year-to-date the iron ore trade stands at 41 million tons, a decrease of 2.1 percent compared to the same point in 2023.

Fortescue Posted Jump in First Quarter Iron Ore Shipments

The business also reinforced its forecast for iron ore shipments for the current fiscal year.

China Iron Ore Imports Head for Record Even as Steel Output Slips

If there is a positive from the September steel production data, it's that the pace of decline slowed from the 10.4% on-year drop in August.

BHP Declared Robust Iron Ore Output in Q1 Fiscal 2025

Copper production increased by 4% to 476 kt during the quarter as a result of the mine's better performance at the Escondida location in Chile.

Rio Tinto: Simandou Project to Start Iron Ore Production Next Year

According to Rio Tinto, the company is still on pace to start producing iron ore from its Simandou project in Guinea early in 2019.

Iron Ore Drops With Leading Miners to Deliver Production Reports

Iron ore has been in retreat for most of 2024 as a slowdown in China, including a property crisis, hobbles domestic demand for steel.

Iron Ore And Steel Prices Rise With China's Stimulus Hopes

The anticipation of China's fiscal measures is driving an uptrend in commodity prices, affecting not just iron ore and steel, but also increasing prices for inputs like coking coal and coke on the Dalian Exchange.

Iron Ore Advances on Hopes More China Stimulus Is Coming

Beijing unleashed a slew of support measures — including interest-rate cuts and targeted support for the property sector — late last month, driving sharp gains in global metals prices.

Goldman Sachs Lowered its Iron Ore Price Forecast for the Fourth Quarter to $85/t

The key risk remains a possible drop in exports due to a decline in steel production in China.

China’s Falling Iron Ore Demand is Only Half the Story

Australian iron ore miners are also developing high-grade operations overseas.

Trafigura Struck $400 Million Cash-for-Iron Ore Deal With MinRes

The deal comes as Mineral Resources’ net debt has rapidly risen, as it builds its Onslow mine along with a haulage road.

BMI Cuts Iron Ore Price Forecast to $110/t

Outside of China, it notes that steel production and demand for iron ore remain muted as of the first half of 2024.

Iron Ore Hits Lowest Since 2022 as Steel Crisis Rattles Market

The recent sell-off has pummeled miners’ shares, with stock in BHP Group Ltd. down by more than a fifth in Australia this year.

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Metal Prices

Base Metals
Alumina 98.5% min	561.67$US/MT
Aluminum Alloy A356	3204.9045$US/MT
Minor Metals
Ammonium heptamolybdate 54% min	32083.36$US/MT
Ammonium metavanadate 98% min	9807.78$US/MT
High Purity Metals
Aluminum ingot purity 9999900	41900.00EUR/Kg
Aluminum oxide purity 9900000	12100.00EUR/Kg
Rare Earth
Cerium carbonates TREO 45% min, CeO2 / REO 100%	872.00$US/MT
Cerium Metal 99% min	3346.30$US/MT

November 14, 2024: Scrap Gold and Platinum Prices Dipped, Silver Up on the Index

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