Coal and non-ferrous metals were among those to underpin Australia’s export price index for the December quarter, while China’s fall in demand for metalliferous ores weighed heavily. Read More
The price of Australian seaborne 62 per cent iron ore fines has topped $US130 per tonne for the first time since October 2021, thanks to increased Chinese steel production. Read More
The price of seaborne 62 per cent iron ore fines has reached near three-month highs, according to Mysteel, now worth $US128.35 ($177) per dry metric tonne (dmt). Read More
The seaborne iron ore price has experienced its largest one month drop in almost eight years as shipments increased to China sparking supply pressure. Read More
The global iron ore surplus continues to grease the way down for prices, which have slid to new lows with a US$80.02 per tonne recorded yesterday. Read More
Mining mogul Andrew ‘Twiggy’ Forrest bought up $5 million worth of Fortescue Metal Group shares last week, sending a clear message to those exiting the iron ore market in light of the resource’s recent price volatility. Read More
Australia will earn over $21 billion from iron ore exported in the last quarter of 2013 with the steelmaking ingredient set to make more than double the revenue of coal. Read More
Analysts predict winter gas shortages in northern China will continue until 2020, leading to increased demand for LNG and higher spot prices. Read More
According to BC Iron’s managing director, iron ore prices will remain above $US100 a tonne for the next two years, with the expected cash cow to come off the back of stabilised prices labelled as “money for jam”. Read More
The price of gold has fallen 26 per cent in 6 months sending the industry into a frenzy and critics to announce that the gold bubble has burst. Vicky Validakis reports. Read More